The Week in Review: August 6, 2016
This week the Bank of England continued the global trend of lowering interest rates when they announced a new historically low rate of .25%, along with an additional round of quantitative easing. England is not the only country desperate for economic growth, after the Fed last week admitted the US economy was too weak for them to follow through with a rate hike. The central banks, in their never ending crusade against deflation, are fighting the very phenomenon that can actually increase society’s well-being. Unfortunately, as embodied in the rise of EU head Jean-Claude Juncker, the worst often rise to the top, as the political class continues its class warfare against those that enjoy its power.
On a brighter note, Mises Weekends features an interview with two of our Fellows. Sascha Klocke, a German scholar studying in Sweden, and Louis Rouanet, a French scholar and frequent Mises Wire contributor, discuss their thoughts on the potential for an Austrian revival in Europe. Sascha and Louis explain why they see reasons for hope, and describe their personal experiences studying at the Mises Institute.
Also this week, we were excited to release Never A Dull Moment, a collection of Murray Rothbard’s essays written in the 1960s. Edited by Justin Raimondo and written with brilliant wit and insight you can only get from Murray Rothbard, Never A Dull Moment is a must read for any fan of Rothbard, American history, or libertarian political strategy.
And in case you missed any of them, here are the articles featured this week on the Mises Wire:
- Latest Jobs Data: It's a Boom, But a Very Weak One by Ryan McMaken
- What Students Are Saying About Mises U 2016 by Tho Bishop
- The Class Struggle is Real by Matthew McCaffrey
- Deflation Is Always Good for the Economy by Frank Shostak
- In the EU, the Worst Rise to the Top by Bill Wirtz
- BoE Cuts Interest Rates and a New Round of QE, Godfrey Bloom by Tho Bishop
- Insider Trading and Taxes: The State Wants to Read Your Mind by Matthew Doarnberger
- Homeownership at 51-Year Low: The Feds Have Failed by Ryan McMaken
- Rothbard's Libertarian Look at the Sixties by Justin Raimondo
- Waiting for Growth by Carmen Elena Dorobăț
- Admitting a Weak Economy, the Fed Keeps Rates Low by Ryan McMaken
- Johnson and Weld are Republicans Flying the Libertarian Banner by Mark Thornton
- America's Police Crisis by Edward Stringham
The Mises Institute works to advance the Austrian School of economics and the Misesian tradition, and defends the market economy, private property, sound money, and peaceful international relations, while opposing state intervention.