📰 Source: mises | Mises Wire

✍️ Original author: William L. Anderson

As the US economy stumbles through rounds of inflation and self-inflicted crises, a look backward might be appropriate. To those that say we only should look to the future, the Federal Reserve’s history of the last two decades tells us that governmental and monetary authorities will do the wrong thing and make things worse. It is time to scrutinize the past. In a recent article, I wrote about how the government almost always takes the wrong approach after a recession begins, which extends a recession and makes things worse, especially in the long run. Unfortunately, any politician or

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