Mises Wire
Author:
Ron Paul
Online Publish Date:
Late last week the markets were shocked by a surprisingly bad May jobs report — the worst monthly report Reserve. It is a belief that a central bank can determine better than the free market what interest rates should be. This belief results in mal-investment, to be aggressively treated, not handed an aspirin. What we are seeing is an epic failure of the Keynesians who have tricked so many people into believing that