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The Week in Review: March 25, 2016

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Tags Taxes and SpendingWar and Foreign PolicyPolitical Theory

03/26/2016Mises Institute

Terrorism gripped the headlines again this week as terrorists struck the airport and metro station in Brussels, Belgium. Naturally, as Jeff Deist points out, this massive failure in government security will lead to calls for more government funding, and more control over the lives of citizens. Unfortunately, it’s the ordinary citizens who suffer the most from the West’s tone-deaf foreign policy that helps the terrorists recruit new followers while increasing the targeting of Europeans and Americans.

For most Western governments, though, it’s just business as usual with the usual efforts for more taxes, more controls on trade, and a disregard for the lessons of socialist regimes, both past and present.

The answer, as always, lies not in more government violence, but in voluntary exchange.

This week on Mises Weekends, Jeff Deist joins Jay Taylor on his radio show to discuss how both central banks and commercial banks are poised to change your life in some very unpleasant ways.

Central banks, and central bankers, are in uncharted waters. They don't know how to create economic growth, they don't know how to fight the great boogeyman of deflation, and they don't know how — or if — they'll ever be able to return to a time of "normal" monetary policy. Their pretense of knowledge, of being able to effectively control currencies used by billions of people, is coming to an end.

Here are this week’s new contributions to Mises Daily and the Mises Wire:


Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.

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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.

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