6 votes

The US Federal Reserve fears a bond meltdown

4 comments

  1. [3]
    RNG
    Link
    This doesn't necessarily mean the article is incorrect, but it is important to know that the Mises Institute is primarily known for advocating fringe rightist economic policies. I think their...

    This doesn't necessarily mean the article is incorrect, but it is important to know that the Mises Institute is primarily known for advocating fringe rightist economic policies. I think their Wikipedia entry summarizes it best:

    The Ludwig von Mises Institute for Austrian Economics, or Mises Institute, is a nonprofit think tank headquartered in Auburn, Alabama, that is a center for Austrian economics, radical right-wing libertarian thought and the paleolibertarian and anarcho-capitalist movements in the United States.

    I became aware of Mises through their Libertarian Party caucus that represents the far right of the party. Mises' intersections with far right movements got a lot of media attention during the Unite the Right rally in Charlottesville. Mises gets a lot of circulation among paleoconservative, anarcho-capitalist, and anarcho-fascist communities online.

    I'm only adding this context because it may be important to consider the ideological commitments of the source before worrying about whether the fed is going to fall apart.

    39 votes
    1. Eji1700
      Link Parent
      Yeah there’s been a lot of “well actually….” About the fed from all over the spectrum and frankly, they’re doing a pretty good job of threading a nightmare needle not totally of their own making....

      Yeah there’s been a lot of “well actually….” About the fed from all over the spectrum and frankly, they’re doing a pretty good job of threading a nightmare needle not totally of their own making.

      They aren’t playing 5d chess with hidden agendas. They have pretty much documented what they’re doing, why, and what they’ll do next and then half the economic spectrum speculates on some nonsense and , surprise, they did what they said they would. Every time.

      14 votes
    2. JCPhoenix
      Link Parent
      Thanks for saying this. When I saw the source I was thinking, "Mises...like that 'faction' that took over the Libertarian Party?" Other than some crazy tweets I've seen, I don't know much else...

      Thanks for saying this. When I saw the source I was thinking, "Mises...like that 'faction' that took over the Libertarian Party?" Other than some crazy tweets I've seen, I don't know much else about them.

      13 votes
  2. skybrian
    Link
    There are assertions in this article that aren’t explained very well: That would be interesting if true, but it’s not obvious. Maybe I’m looking at the wrong graph, though. I’d like to see some...

    There are assertions in this article that aren’t explained very well:

    […] the two-year Treasury yield touched the dangerous 5% level. On previous occasions, such a rise in government debt yields led to a significant market correction.

    That would be interesting if true, but it’s not obvious. Maybe I’m looking at the wrong graph, though. I’d like to see some evidence.

    7 votes