Opinion
Opinion

This Is Not the Time for the Fed to Lower Rates

This Is Not the Time for the Fed to Lower Rates
The Federal Reserve headquarters in Washington, D.C., on March 21, 2023. Kevin Dietsch/Getty Images
Jeffrey A. Tucker
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Commentary

Back in 1912, before most countries had a central bank, economist Ludwig von Mises wrote that such institutions are inadvisable. Among myriad problems, they provide a moral hazard to politicians. All office holders like to have lower interest rates because it makes them popular and seem to bolster economic growth. Therefore the central bank will face constant political pressure to reduce rates and fuel inflation.

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]
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