The Fed's Bank Term Lending Program Probably Won't Ever Go Away
By Doug French

The Fed keeps pushing easy money to banks. Why? Because 14 percent of all commercial real estate bank loans are under water, with 44 percent of loans collateralized by office properties having negative equity.

The Wrong Way and the Right Way to Fix the Fed
By Joseph T. Salerno

The proper strategy is to design economic policies that are consistent with the individualist, private-property, free-market institutional framework. Any monetary system in which politics plays a decisive role will be operated according to the ideology of government officials subject to the pressure of public opinion.