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Week in Review: February 4, 2017

  • Wall Street bull
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Tags The FedU.S. EconomyPolitical Theory

02/03/2017

The Federal Reserve opted to stay the course this week after meeting for the first time since Trump took office. The real question is whether 2017 will be the year they begin to normalize their balance sheet. While the Dow jumped over the 20,000 mark again on Friday, the Fed’s continued inaction and continually unimpressive GDP numbers paint a bleaker picture than the narrative we’re being sold. Meanwhile, the attempts to prop up America’s housing market continue to fail as homeownership numbers are the lowest they’ve been since 1965.

The Trump bump may soon be replaced with a more bitter reality.

On Mises Weekends, Jeff was joined by Allen Mendenhall, Mises Associated Scholar and Director of the Blackstone and Burke Center, to discuss Trump’s selection of Neil Gorsuch. Is he an activist, an authoritarian, an originalist, or a positivist? Is he too cozy with federal power, or does he show a libertarian Coloradan streak? Jeff and Allen look over his record and what libertarians should expect from the next Supreme Court Justice.  

Allen Mendenhall: Trump's Supreme Court

Register today for a free three-lecture course with Professor Peter Klein competition and monopoly from an Austrian perspective. Starting next Thursday (Feb. 9), Dr. Klein will dive into topics such as business strategy, antitrust, innovation, environmental regulation and more.

And in case you missed any of them, here are the articles featured this week on the Mises Wire:

The Mises Institute works to advance the Austrian School of economics and the Misesian tradition, and defends the market economy, private property, sound money, and peaceful international relations, while opposing state intervention.

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
Image source: Sam Valadi flickr.com/photos/132084522@N05/
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