Paul H. Kupiec is a resident scholar at the American Enterprise Institute (AEI), where he studies systemic risk and the management and regulations of banks and financial markets.
The biggest threat to the economy is the Federal Reserve’s continued monetary expansion to fund proliferating government spending despite warning signs of rising inflation.
Instead of bailouts, Congress should create new safety net programs that largely recover the cash relief from the same households and businesses that receive taxpayer support.
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