Mises Wire

Central Banks' Obsession with Price Stability Leads to Economic Instability

Money and BanksMoney and Banking

Blog04/28/2017
The Fed's monetary policies that aim at stabilizing the price level actually undermine economic fundamentals.
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Can Technology Prevent a Recession?

Booms and BustsMoney and BanksBusiness CyclesMoney and Banking

Blog01/23/2017
Technology doesn't tell us much about whether we're prone to a recession. The much larger issue is inflation-induced misallocation of resources.
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Central Banks Don't Dictate Interest Rates

The FedMoney and BanksMoney and Banking

09/24/2015Mises Wire
There’s much debate over how the Fed determines interest rates. Many pundits seem to assume that central banks dictate interest rates to the market. In fact, central banks mostly affect interest rates indirectly through their power to change the money supply.
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