View this email in your browser

June 29, 2021

Mises Institute

By Daniel Lacalle

The Stimulus Boom Is Already Over. Now Comes Stagnation.

It's already clear that after an initial sugar high caused by stimulus funds, there's now hardly any "bang for the buck" from stimulus funds. In fact, governments are spending millions for each job "created" by stimulus.

READ ARTICLE

By Doug French

Since When Is a Half-Point Rate Hike (2 Years from Now) "Hawkish"?

The Fed says rate hikes are at least two years away. A lot can happen in two years, and since when is forecasting a couple rate bumps two years from now considered hawkish to the point of making the dollar pop and gold flop?

READ ARTICLE

By Robert P. Murphy

Beyond the Fed: "Shadow Banking" and the Global Market for Dollars

Interventionism does not work because it misallocates resources in the economy. More importantly, it disturbs, distorts, and destroys the corrective process whereby market actors reallocate resources back into a sustainable framework.

READ ARTICLE
Donate Today
Facebook
Twitter
Instagram
YouTube
RSS

You are receiving this email because of your interest in the Mises Institute.
Read More at Mises.org | Subscribe | Add us to your address book 

Our mailing address is:
Mises Institute
518 West Magnolia Avenue
Auburn, Alabama 36832

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.