It’s been a busy week in Washington. The Fed raised interest rates another quarter of a point, selling the narrative that the economy is strong — in spite of its own indicators. Meanwhile, some are asking whether Snapchat’s stock rise and fall are a sign that the Fed-fueled stock bubble is ready to pop. On Thursday President Trump announced a budget that mixes promising agency cuts with insane military spending hikes. He also signed an executive order to “streamline” federal agencies, but such attempts aren’t serious unless they include utilizing blockchain. On the Congressional side, Paul Ryan continues to have a hard time selling his illogical healthcare reform.
On Mises Weekends we feature a fascinating talk by Hunter Hastings, a business consultant from California. Speaking at our Austrian Economics Research Conference, Hastings outlined how technological innovation is already making centralized "designed" systems obsolete, and how artificial intelligence opens up a whole new era of spontaneous order.
And in case you missed any of them, here are the articles featured this week on the Mises Wire:
- How Central Bankers See Themselves by C.Jay Engel
- Will Trump Drain the Swamp with Blockchain? by Tho Bishop
- Is the Snapchat IPO Proof of a Tech Bubble? by Joeri Vandendriessche
- Trump's Budget a First Step Toward De-Politicizing Science by Tho Bishop
- Yellen: "GDP is a Pretty Noisy Indicator" by C.Jay Engel
- The Census Bureau's Faulty Data About a Coming "Non-White" Majority by Ryan McMaken
- How Ray Kroc of McDonald's Built an Entrepreneurial Empire by David Gordon
- When the CIA Partied with LSD on the Taxpayers' Dime by Chris Calton
- What Economists Are Not—And Shouldn’t Try to Be by Carmen Elena Dorobăț
- Jeff Deist: Trump Is Just a Speed Bump for the Left
- How the Fed Operates — And Why It's a Problem by Frank Shostak
- Hugh Hewitt Throws a Tantrum About the Austrian School (and Much More) by Ryan McMaken
- Is the Era of Ultralow Interest Rates Coming to a Close? by C.Jay Engel
- Moral Hazard: Kenneth Arrow vs. Frank Knight and the Austrians by Matthew McCaffrey
- We Shouldn't Have to Ask the State's Permission to Work by Robert Fellner
- Which US States Are the "Moocher" States? by Ryan McMaken
- Ryancare's Fatal Logical Flaw by Hunter Lewis
- By Itself, a Chinese Sell-Off in US Debt Won't Imperil the Dollar by Frank Shostak
- Brexit Might Pave the Way for an Independent Scotland by Ryan McMaken
- Mises Contra Marx by David Gordon
- 7 Steps Toward a More Sensible Foreign Policy by Patrick Barron
- Economic Wisdom From Harvard by Hunter Lewis
- How Central Banks Enable the Money-Creation Process by Frank Shostak
