Mises Daily
Author:
Richard C.B. Johnsson
Online Publish Date:
We have now seen yet another interest rate cut by the Federal Reserve, intended to stimulate a recovery. However, you don’t have to be a particularly skeptical person to doubt that the rate cut will work this time—after all, it is the 13 th cut in the last 2½ years. The idea behind the cuts is more or less that by forcibly lowering the interest