Mises Wire
Author:
Joseph Solis-Mullen
Online Publish Date:
keeping interest rates too low for too long; and shocks to global food and energy markets, in large part as a response to US foreign policy, combined to produce the controls, which virtually all economists then and now agree were a bad idea and a failure, are openly mulled over. Admitting that the Fed is way behind the curve in play a piece. At the same time, a flood of low-skill labor was also entering the market, as the baby boomers and the mothers of the baby boomers returned to the