Now that major central banks such as the Bank of Japan and the European Central Bank have introduced negative interest rates, it may only be a matter of time before the Federal Reservedoes the same thing. If that happens, expect many more years of monetary easing.
Rothbard's book is considered the standard on the subject of the 1819 crisis, yet the NY Fed authors seem reluctant to speak his name.
Congressman Jeb Hensarling mentions Hayek's Fatal Conceit regarding the Fed bureaucracy's ability to manage money and interest rates.
With Bernie Sander’s large victory over Hillary Clinton, he’s signaled he’ll be a headache for Clinton and the party elites, for
Thanks to Hunter Lewis, the Mises Institute can now offer three new books free and online at m
Only ideas can overcome ideas and it is only the ideas of Capitalism and of [Classical] Liberalism that can overcome Socialism. Only by a battle of ideas can a decision be reached.
Even the Fed, which has for years been describing the economy as "expanding at a moderate pace," and which a few months back was saying it was "hawkish," has, through Janet Yellen's testimony today, been forced to admit that a rate cut may again be on the horizon.
Global markets are showing they can't handle even a tiny bit of tightening by the Federal Reserve, and other central banks are doubling down on rock-bottom interest rates. After six years of "recovery" can we ever abandon endless easy money?
