Mises Daily
Author:
Sean Corrigan
Online Publish Date:
The Fed’s Open Market Committee, that supposed bulwark against monetary profligacy, has opened the floodgates with its latest move to push the federal funds rate to a forty-year low. It’s the ninth cut this year, and the one that pushes the real rate of interest 1.3 percent below the median measure of CPI. We are now waiting for just two of the