Mises Wire

Hayek on CNBC

Mises Wire Mark Thornton

Congressman Jeb Hensarling, chairman of the House Financial Services Committee, mentions Hayek's Fatal Conceit regarding the Fed bureaucracy's ability to manage money and interest rates.

Reporter responds by asking how much confidence do you have -- "are they (central bankers) the right people to be doing this...I don't even know what to think anymore at this point."

After admitting the Fed has created asset bubble that are beginning to pop, Hensarling admits that he does not have faith in the Fed.

All Rights Reserved ©
Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
Support Liberty

The Mises Institute exists solely on voluntary contributions from readers like you. Support our students and faculty in their work for Austrian economics, freedom, and peace.

Donate today
Group photo of Mises staff and fellows