Week in Review: June 24, 2017
While the Federal Reserve is desperate to depict an optimistic vision for the global economy, their fellow central bankers aren't buying it.
Mises Wire
If We Want “Unity,” Government Must Become Weaker
The problem of majorities oppressing minorities becomes worse the larger the government becomes. The answer is to make the state weaker.
The ECB Blames Inflation on Everything but Itself
The ECB prefers to do what all central banks did just before the 2009 great recession: blame inflation on rising food and energy prices.
Our Lawless Central Bank
The Fed's modern method of policymaking is best described as "ad hoc." This is a big problem for entrepreneurs and most market actors.
Does the Fed Follow Its Own Rules?
The central bank is unlikely to follow rules like the Taylor Rule because they are fundamentally political organizations with their own agendas.
The Tragedy of the Commons in the Courtroom
Since using the court system costs them nothing, police and prosecutors have an incentive to load up the court system with non-violent "crimes."
Richard Cantillon Is Sleepless in Seattle
Cheap money and Seattle's capital-fueled boom means Seattle may soon achieve Peak Skyscraper status.
Four Reasons Central Banks are Wrong to Fight Deflation
The harmful character of deflation is a sacred dogma of monetary policy. However, evidence substantiating these claims is either weak or nonexistent.
Recent Fed Speeches
The FOMC meeting is over and various Fed officials are back on the speaking circuit. Here is a summary of recent comments.
Will Our Grandchildren Work Only Four Hours Per Day?
If capitalists have their way, we may be looking at a future of 20-hour work weeks while producing a higher standard of living.
