Mises Wire
Author:
Mises Institute
Mark Thornton
Online Publish Date:
Today the Wall Street Journal published a letter to the editor written by Mark Thornton on the Fed’s basic misunderstanding of “natural” interest rates. Dr. Thornton writes: Federal Reserve officials are right to suggest that the so-called “natural” rate is important (“Fed Struggles With Long-Term Policy,” U.S. News, June 13). It is critical