Week in Review: June 17, 2017
One might now say monetary policy has progressed from a policy of "ultra low" rates to simply a policy of low rates.
Mises Wire
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Government as the Source of Monopoly: US Airlines Edition
"Is Government the Source of Monopoly?" asked Chicago economist Yale Brozen. Yes, he answered.
Kaplan and Kashkari: Slowing Inflation Makes More Rate Hikes a Challenge
Dallas Fed's Robert Kaplan and Minneapolis Fed's Need Kashkari are less optimistic than Yellen about the prospects for 2% inflation.
Central Banks Are Driving Many to Cryptocurrencies
The experimental and destructive monetary policies of central banks are driving many to flee to cryptocurrencies in hopes of finding some stability.
With Cuba Policy, Trump Strikes Another Blow Against Economic Freedom
As with all US-imposed trade restrictions, efforts to restrict trade with Cuba involves destroying the property rights of Americans.
Fractional-Reserve Banking and Money Creation
Private banks are important drivers in the creation of unbacked money. But, they'd be far more constrained in this were it not for central banks.
The Next Fed Chair Will Not Set Long-Term Rates Free
No known candidate for the Fed chair is likely to do anything to truly normalize Fed policy.
How We Should Name Business Cycles
Economists have long played semantic games with how they name business cycles. This is how they should do it.
Terry McAuliffe’s Fuzzy Math on Gun Homicides
Governor Terry McAuliffe likes to use made-up numbers about "gun violence."
What If Taxpayers Could Choose if Taxes Went to the State Level or Federal Level?
Tax returns should contain a check-off box where taxpayers can decide to send their taxes to state and local levels instead of Washington, DC.
