Janet Yellen testified before Congress this week and was forced to admit the obvious: the economy is in trouble and could get worse. While Ms. Yellen indicated the potential to a return to ZIRP, she seemed reluctant to follow the advice of her predecessor and other former Fed officials in embracing negative interest rates as her colleagues in Europe and Japan have done. As anger builds at the arrogance of central bankers, it’s becoming ever clearer that there is no plan for monetary policy to return to “normal.” As Robert Murphy explained at our recent event in Houston, the Fed’s magic trick just won’t work.
At the end of this month, the Mises Institute will be hosting an event celebrating Murray Rothbard in honor of his approaching 90th birthday. Mises Weekends this week features a tribute to Murray by three scholars who knew him as both a friend and mentor: Dr. David Gordon, Dr. Walter Block, and Dr. Joseph Salerno. Recorded this past summer at Mises U, the three share stories from their experiences with Murray and the role he played in shaping their passion for Austrian economics, freedom, and peace.
In case you missed any of them, here are articles from this past week’s Mises Daily and Mises Wire:
- Three Reasons to Be Worried About the Economy by Yonathan Amselem
- 2016’s Economy Begins with a Whimper by David Haggith
- Why I Have Hope by Ron Paul
- European Central Bank Gets Ready for More Easy Money by Frank Shostak
- Why Drafting Women Is a Terrible Idea by Ryan McMaken
- What Was Quicken Loans Thinking? by Mark Thornton
- The Central Planning Mindset Has Won by Paul-Martin Foss
- Peyton Saves the Super Bowl Indicator? by Mark Thornton
- If You Want Bigger Government, Vote Republican by Ryan McMaken
- “Gridlock” in DC Does Little to Stymie Government Spending by Ryan McMaken
- Hayek on CNBC by Mark Thornton
- The Bernie Sanders Reader by Ryan McMaken
- Socialism and the Battle of Ideas by Ludwig von Mises
- Janet Yellen Strikes Downbeat Tone on Economy, Claims Fed Won’t Go Negative by Ryan McMaken
- Will Monetary Policy Ever Return to Normal? by Paul-Martin Foss
- Laura Hillier, RIP by Joseph Salerno
- Did the NY Fed Plagiarize Rothbard? by Jonathan Newman
- Mises on Syndicalism by Ludwig von Mises
- Tax Cuts Without Spending Cuts Are Pointless by Ryan McMaken
- Wilhelm Röpke (1899 - 1966) by Shawn Ritenour
- The Telegraph Talks Mises and Hayek, Blasts “Arrogant Central Bankers” by Tho Bishop
- EU to Follow the US’s Example by Abolishing the 500-euro Bill? by Ryan McMaken
- 3 New Books by Hunter Lewis Available Free on mises.org
- The January-February issue of The Austrian Is Online!
