Mises Wire

The Week in Review: September 24, 2016

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Fall Fundraising Campaign Starts Monday: September 26 – October 1


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This week the Federal Reserve once again failed to raise interest rates, further demonstrating that they have no plan to get out of the box they’ve trapped themselves in. In another case of déjà vu, Freddie Mae and Frannie Mac announced a new housing program that will lower lending standards. Meanwhile, in response to last weekend’s issues involving southern oil pipelines, a number of state governments have waged war on pricing by implementing laws against “price gouging.”

To see basic economics ignored time and time again by policymakers at all levels of government further illustrates the point Ludwig von Mises made about how vitally important it is to understand the subject. As Jeff Deist said at least week’s Supporters Summit in Asheville:

Mises believed everyone had a duty to learn. … And that’s at the heart of what we do at the Mises Institute: teaching sound economics to people from all walks of life.

If you agree with Mises in the need to spread the ideas of sound economics, we hope you will consider making a $5 donation next week during our fall fundraising campaign.

On the heels of the Fed's annual meeting in Jackson Hole, “extraordinary” monetary policy may be the new normal. Janet Yellen refuses to raise rates for now, and Former Chair Ben Bernanke openly questions whether the Fed's Treasury-laden balance sheet — swollen after successive rounds of QE — will ever be unwound. Real growth is flat, real incomes are stagnant, inflation is higher than the government admits, and millions of Americans still haven’t recovered from the Crash of ’08. Is economics broken?

Dr. Joe Salerno, professor of economics and Academic VP of the Mises Institute, joins us to makes sense of it all on the next episode of Mises Weekends.

And in case you missed any of them, here are the articles featured this week on the Mises Wire:

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Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
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