This week, Janet Yellen was again before Congress to once again kick the can down the road. The position of Yellen and the Fed appears to be, yet again, that they'll some day move back toward what might be called more "normal" monetary policy. For the foreseeable future, though, it looks like the "new normal" is ultra-low interest rates, failing economic models, and continued growth in power for both the central bank and the crippling regulatory state that continues to drive up costs and weigh businesses down.
On Mises Weekends, we welcome back Michael Boldin, founder of the Tenth Amendment Center and fearless advocate for political decentralization. Michael joins us next weekend at our event in San Diego, so we decided to ask him about the burgeoning CalExit movement and the Left's newfound appreciation for secession. Think California couldn't survive as an independent country? Think the current US boundaries are written in stone? If so, Michael will change how you think about the possibility of local rule in a deeply divided America. Stay tuned.
And in case you missed any of them, here are this week's articles from Mises Wire:
- Democracy, the God That's Failing by Jeff Deist
- Updating Robert Higgs's "Gross Domestic Private Product" by Ryan McMaken
- Debt Isn't a Problem — Easy-Money Policies Are the Problem by Frank Shostak
- A Problem with National Homicide Statistics by Justin Murray
- Stanley Fischer's Eureka Moment by C. Jay Engel
- Mercantilism: A Lesson for Our Times? by Murray Rothbard
- That Troublesome 2009 Budget by Ryan McMaken
- Say's Law: The Antidote to Countless Economic Fallacies by Russell Lamberti
- Free Markets at Home Are the Solution to Companies Moving Abroad by John Sulzer
- Yellen To Congress: We'll Do Something Someday by C. Jay Engel
- Healthcare: Government — Not Technology — Is Driving Prices Up by Michel Accad
- The "New Normal" of Ultra-Low Interest Rates by Mark Thornton
- The Goal of Socialists Is Socialism — Not Prosperity by Bill Anderson
- Who Will Be Blamed If the Oroville Dam Fails? by Ryan McMaken
- "Real Wealth" vs. the Boom-Bust Cycle by Frank Shostak
- Showdown: Yellen and Trump by C. Jay Engel
- What Will Trump Do About the Central-Bank Cartel by Thorsten Polleit
- Donald Trump Is the Lease of Latin America's Worries by José Niño
