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Home | Blog | Week in Review: April 15, 2017

Week in Review: April 15, 2017

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Tags Free MarketsU.S. EconomyMonopoly and Competition

04/14/2017

During the campaign, candidate Trump constantly railed against Janet Yellen and her Federal Reserve. The Fed was keeping interest rates low because they were "more political than Hillary Clinton," Trump repeated while stumping for votes.

Unfortunately President Trump has a different opinion. Yellen is no longer "toast," and he wants to keep interest rates low. A monetary policy that puts Wall Street, not America, first.

This week Mises Weekends features someone who has witnessed the underbelly of the Fed from the inside. Danielle DiMartino Booth is a former Dallas Fed staffer and author of the new book Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. She joins Jeff to talk about her years watching Ivy League PhDs make gross and fundamental errors in an almost comically cloistered environment. Have Fed economists even read Mises and Hayek? Do they recognize malinvestment as a byproduct of interest-rate setting? Do they know anything about their own institutional history, or at least enough to recognize how mission creep has turned the Fed into a central planning Politburo? And how will Janet Yellen deal with the inherent tension between raising interest rates and keeping the cost of US debt service in check? 

Danielle DiMartino Booth: Inside the Fed

And in case you missed them, here are this weeks Mises Wire articles, covering a wide array of topics including trade, war spending, and the Fed.

 

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.

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