Mises Wire
Author:
Antony P. Mueller
Online Publish Date:
by the statistical price index, will no longer be a reliable guide for monetary policy—if this has ever been the case. Inasmuch as modern central banks follow the about to make the same errors that were made in the 1930s, when economic policies deepened and prolonged the crisis. As Rothbard explained , America’s Great policy should provide a policy environment that promotes savings, encourages innovation, and gives room for private initiative.