Week in Review: March 18, 2017

By: Mises Institute
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It’s been a busy week in Washington. The Fed raised interest rates another quarter of a point, selling the narrative that the economy is strong — in spite of its own indicators. Meanwhile, some are asking whether Snapchat’s stock rise and fall are a sign that the Fed-fueled stock bubble is ready to pop. On Thursday President Trump announced a budget that mixes promising agency cuts with insane military spending hikes. He also signed an executive order to “streamline” federal agencies, but such attempts aren’t serious unless they include utilizing blockchain. On the Congressional side, Paul Ryan continues to have a hard time selling his illogical healthcare reform.

On Mises Weekends we feature a fascinating talk by Hunter Hastings, a business consultant from California. Speaking at our Austrian Economics Research Conference, Hastings outlined how technological innovation is already making centralized “designed” systems obsolete, and how artificial intelligence opens up a whole new era of spontaneous order.

And in case you missed any of them, here are the articles featured this week on the Mises Wire:

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