1. HOW A FEDERAL RESERVE LENDING PROGRAM FOR LOCAL GOVERNMENTS IS DESIGNED TO FALL SHORT;Aiming;POPULAR DEMOCRACY,2020
2. Other criticisms include concerns that the program represents a misallocation of credit, with the Fed reallocating "purchasing power away from other entities in the market to those whose bonds the Fed purchases. The cost to society is the difference between the value of the projects pursued by state and local government with those resources and the value of the projects other entities could have pursued with those same resources;; Id;6. 65 FAQs: Municipal Liquidity Facility,2020