The Federal Reserve claims to know the “neutral” rate of interest, as though these things can be known administratively. Either interest rates are set by the market or done by fiat; it cannot be both simultaneously.
The German economic powerhouse is slowing, weighed down by its costly green energy policies and a bloated welfare state. Germany's economy needs market reforms, not more state intervention.
Forget the New York Times and other publications that cheerlead for the current regime. Austrian economics spells out the consequences for reckless monetary policies, and those consequences are unavoidable.
