Thursday , September 28 2023
Home / SNB & CHF / Navigating by the Stars on a Cloudy Night

Navigating by the Stars on a Cloudy Night

Summary:
In this episode, Mark examines Fed Chairman Jay Powell's recent confession that the Fed is "navigating by the stars on a cloudy night." This reveals the fundamental methodological weakness of the Fed's economic policy and mainstream economics in general ("data dependency"). In contrast, it also reveals the strengths of Austrian economics, economic theory, and the self regulation of the free market. Mark suggests that we all be prepared for big negative surprises in the economy and additional Federal Reserve and government power grabs. Be sure to follow Minor Issues at Mises.org/MinorIssues. Recommended Reading "What the Central Bank Cartel has Planned for You" by Thorsten Polleit: Mises.org/Minor34A "Transparency or Deception: What the Fed Was Saying in

Topics:
Mark Thornton considers the following as important: , ,

This could be interesting, too:

Martin Hartmann writes Stadt Bern verbietet Kundgebung der Libertären Partei

Marc Chandler writes Greenback Bought on Pullback

Ryan McMaken writes America Since 9/11: 22 Years of Lies and Despotism

Jonathan Newman writes Is the Monopoly Board Game Like Real Markets?

In this episode, Mark examines Fed Chairman Jay Powell's recent confession that the Fed is "navigating by the stars on a cloudy night." This reveals the fundamental methodological weakness of the Fed's economic policy and mainstream economics in general ("data dependency"). In contrast, it also reveals the strengths of Austrian economics, economic theory, and the self regulation of the free market. Mark suggests that we all be prepared for big negative surprises in the economy and additional Federal Reserve and government power grabs.

Be sure to follow Minor Issues at Mises.org/MinorIssues.

Recommended Reading

"What the Central Bank Cartel has Planned for You" by Thorsten Polleit: Mises.org/Minor34A

"Transparency or Deception: What the Fed Was Saying in 2007" by Mark Thornton: Mises.org/Minor34B


Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *