Most people hear about the Fed’s work with monetary policy, but my work with microenterprises has taught me about the Fed’s many other programs. Just as major telecoms seek capital to build infrastructure and acquire customers, for instance, young mechanics seek capital to rent garages and buy advertisements. For the mechanic with a nonexistent credit history and little schooling, though, capital can be difficult
Most people hear about the Fed’s work with monetary policy, but my work with microenterprises has taught me about the Fed’s many other programs. Just as major telecoms seek capital to build infrastructure and acquire customers, for instance, young mechanics seek capital to rent garages and buy advertisements. For the mechanic with a nonexistent credit history and little schooling, though, capital can be difficult