The Week in Review: June 18, 2016

by Mises Institute

Last weekend’s horrific terrorist attack in Orlando dominated the headlines this week, another example of how government can’t be trusted to keep us safe. Predictably, politicians shamelessly jumped on the tragedy to try to curtail gun rights, ignoring the fact that homicides are at a 51-year low.

Meanwhile, the Federal Reserve shocked no one by backing off prior pledges to raise interest rates. In spite of recent attempts to paint a rosy economic picture, the Fed was forced to admit the jobs data is worsening and sees no way to raise rates without tanking the economy. Meanwhile, in light of next week’s Brexit vote, the Bank of England is trying to scare voters away from leaving the un-European EU.

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