mises.org / November 05, 2016
The Federal Reserve no action on interest rates this week, making November the 94th month in a row during which the Fed’s target interest rate is below 1 percent. The lack of movement surprised no one this close to next week’s election, especially with the Fed’s current policy as seen to be helping Hillary Clinton’s presidential chances (at the expense of the greater economy). Hurting her campaign is the continuing disaster of Obamacare, as government mandates have tainted insurance pools with too much risk, and not enough healthy individuals to balance the cost. Meanwhile, as public referendums on both medicinal and recreational marijuana appear on ballots across the country next week, the Federal government continues to undermine legalization efforts to the benefit of black markets. While Washington itself is beyond repair, it’s important to recognize the rhetorical tricks being used within the capital to continue to attack your freedoms.