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. Earlier this week Mark Carney of the Bank of England shutdown talk of the BOE possibly following the Fed's lead in raising interest rates. Meanwhile, as Fed officials are openly worrying about whether technological advances are undermining their misguided war against deflation, the ECB is desperately looking for people to blame if Europeans begin to feel the pain from rising prices.
On Mises Weekends, Jeff is joined by Dr. Ed Stringham, a Mises associated scholar and the author of the book Private Governance. More and more Americans are waking up to the reality that the US criminal justice system is hopelessly broken, riddled with bad incentives and bad actors. In the wake of recent police shootings Jeff and Ed discuss how and why private security firms could create vastly better outcomes for crime victims, society, and even perpetrators. This is a fascinating discussion you won't want to miss.
And in case you missed them, here are this weeks Mises Wire articles, covering a wide array of topics including: shorter work week ahead, the Fed, our politicized legal system, the stalled money supply growth, and let's privatize the New York City subway.
- What Derek Carr's Contract Teaches Us about Wall Street and Income Inequality by Tho Bishop
- The ECB Blames Inflation on Everything but Itself by Louis Rouanet
- Richard Cantillon Is Sleepless in Seattle by Doug French
- Teaching "Tips": An Economic and Pedagogical Defense of Gratuities by Anthony Gill
- Our Lawless Central Bank by Ryan McMaken
- Four Reasons Central Banks are Wrong to Fight Deflation by Guido Hülsmann
- The Tragedy of the Commons in the Courtroom by Chris Calton
- Does the Fed Follow Its Own Rules? by Daniel Fernández Méndez
- Will Our Grandchildren Work Only Four Hours Per Day? by Ryan McMaken
- Jeff Sessions's Reefer Madness by Mark Thornton
- How to Fight For Peace by Ron Paul
- Money Supply Growth Fell to a 104-Month Low in May by Ryan McMaken
- After Brexit: Germany and the EU Will Look to Asia by Alasdair Macleod
- Oil Is Cheap — Why OPEC Can't Do Anything About It by Edgar Ortiz
- Privatize the New York City Subway System by Robert Fellner
- Help Wanted: Lenders with No Experience (or Short Memories) to Make Risky Mortgages by Doug French
- Trump Turns Back the Clock With Cold War Cuba U-Turn by Ron Paul
- Fed Raises Rates — Will Other Central Banks Follow? by Ryan McMaken