In this week's episode, Mark interprets the Fed's new economic projections for the economy, in which the Fed "doubles-down" on current economic growth and the economy's prospects moving forward. Essentially, the Fed is saying that they are taking us from the "touch-and-go" economy of the last three years to a touch-and-go landing, where the economy will take off and perform much better than anyone anticipates. Don't bet on it.
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Mark Thornton is Senior Fellow at the Mises Institute. He serves as the Book Review Editor of the Quarterly Journal of Austrian Economics. His publications include The Economics of Prohibition (1991), Tariffs, Blockades, and Inflation: The Economics of the Civil War (2004), The Quotable Mises (2005), The Bastiat Collection (2007), An Essay on Economic Theory (2010), The Bastiat Reader (2014), and The Skyscraper Curse and How Austrian Economists Predicted Every Major Crisis of the Last Century (2018).
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