The Week in Review: May 7, 2016

by Mises Institute

Donald Trump wrapped up the Republican nomination this week after Ted Cruz and John Kasich suspended their campaigns following the Indiana primary. Unfortunately, he also backtracked on some of his previous criticisms of the Fed’s low interest rate policy. Meanwhile, Peter Klein notes that the New York Times was guilty of “preposterous” speculation while criticizing some of Trump’s recent comments on restructuring US debt. Outside of the US, Ferghane Azihari and Brendan Brown consider the consequences of Brexit, Joseph Salerno looks at crime and the elimination of the 500-pound Euro note, and Ryan McMaken highlights central banks across the world are moving toward zero interest rates.

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