Mises Wire
Author:
Mises Institute
Online Publish Date:
This week, Janet Yellen was again before Congress to once again kick the can down the road. The position of Yellen and the Fed appears to be, yet again, that they’ll some day move back toward what might be called more “normal” monetary policy. For the foreseeable future, though, it looks like the “new normal” is ultra-low interest rates, failing