Week in Review: February 18, 2017

This week, Janet Yellen was again before Congress to once again kick the can down the road. The position of Yellen and the Fed appears to be, yet again, that they’ll some day move back toward what might be called more “normal” monetary policy. For the foreseeable future, though, it looks like the “new normal” is ultra-low interest rates, failing economic models, and continued growth in power for both the central bank and the crippling regulatory state that continues to drive up costs and weigh businesses down.

This post was published at Ludwig von Mises Institute on February 18, 2017.