Mises Wire
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Mises Institute
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We are now living in a post-ZIRP world. On Wednesday , Janet Yellen announced that the Federal Reserve will increase the target Federal Funds rate from 0.00-0.25 percent up to 0.25-0.5 percent. While Wall Street approved of the move, Ryan McMaken notes , “The fact that this is being labeled such a large change underscores just how fragile the