libertypicks on Nostr: mises.org: Hubris Runs Rampant at the Fed -- http://tinyurl.com/2yshbt5l -- Prices ...
mises.org: Hubris Runs Rampant at the Fed --
http://tinyurl.com/2yshbt5l -- Prices will always increase, some small banks will fail, and the Fed was asleep at the switch when the run on Silicon Valley Bank occurred. Fed chair Jerome Powell admitted those three things in response to Scott Pelley’s questions on 60 Minutes.“But the overall price level doesn’t come down. It will fluctuate. And some . . . goods and services will go up, others will go down. But overall, in aggregate, the price level doesn’t tend to go down except in fairly extreme circumstances,” Powell said.Of course, what Powell is referring to doesn’t exist. Murray Rothbard wrote,There is no such thin #liberty #news
Published at
2024-02-24 17:30:04Event JSON
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