Mises Wire

Week in Review: November 05, 2016

Election

The Federal Reserve no action on interest rates this week, making November the 94th month in a row during which the Fed’s target interest rate is below 1 percent. The lack of movement surprised no one this close to next week’s election, especially with the Fed’s current policy as seen to be helping Hillary Clinton’s presidential chances (at the expense of the greater economy). Hurting her campaign is the continuing disaster of Obamacare, as government mandates have tainted insurance pools with too much risk, and not enough healthy individuals to balance the cost. Meanwhile, as public referendums on both medicinal and recreational marijuana appear on ballots across the country next week, the Federal government continues to undermine legalization efforts to the benefit of black markets. While Washington itself is beyond repair, it’s important to recognize the rhetorical tricks being used within the capital to continue to attack your freedoms.

If you are looking for a reprieve from endless campaign coverage this weekend, on Saturday we will streaming live from our Dallas-Ft. Worth Mises Circle. Jeff Deist, Bob Murphy, Ryan McMaken, and more will be speaking about The End of Politics. The event begins at 11 a.m. CST, and can be seen at Mises.org/live.

On Mises Weekends this week, Jeff joins Andy Duncan of the Fin Tales podcast to share his thoughts on next week’s presidential election. Going beyond the electoral horse race, Jeff and Andy discuss the impact each candidate could have on the Federal Reserve, gold prices, and US foreign policy.

Remote video URL

In case you missed them, here are this week’s articles of interest from the Mises Wire:

image/svg+xml
Image Source: iStockphoto
Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. 

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member
Mises Institute