Interventionism

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Benjamin M. Wiegold

For 100 years, the Fed has served to protect the interests of powerful banks through inflationary monetary policy. The Dallas Fed opened an historical exhibit, the Kansas City Fed released a documentary, and the New York Fed even started a Facebook page, all to commemorate the date.

Nicholas Freiling

There is a little-known loophole in federal law that allows for people with disabilities to be employed at wage rates below the minimum wage. Why the exemption? It’s an effort to lessen unemployment among the disabled, and a tacit admission in federal law that minimum wages cause unemployment.

Frank Hollenbeck

The European Central Bank’s recent move to negative interest rates is a sign that the ECB is hitting the panic button.

D.W. MacKenzie

Politicians won’t admit that quantitative easing and fiscal stimulus have unquestionably failed to produce a rapid recovery over the past five years.

James Grant

In 1946, as now, the government held up the threat of deflation to justify a policy of ultra-low interest rates.