Marc Elias joins Tim Miller.
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The Federal Reserve left its benchmark interest rate unchanged after meeting yesterday, despite repeated pressures from President Trump to cut rates. But not everyone at the Fed was happy about it. On the show today, Marketplace’s Nancy Marshall-Genzer joins Kimberly to fill us in on the recent debate over lowering interest rates and the political tension surrounding the Fed. Plus, thriving raspberry bushes make us smile.
Here’s everything we talked about today:
"What’s Holding Trump Back From Firing Powell" from The Atlantic
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In this story, originally from our Sept. 2022 ATXplained Live show, KUT’s Audrey McGlinchy investigates why Austin sidewalks sometimes just kinda stop. In the middle of a block. And she does battle with Shel Silverstein.
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The post Why do sidewalks in Austin sometimes just end? (archive episode) appeared first on KUT & KUTX Studios -- Podcasts.
By ire’ne lara silva
Rothbard took the American Revolution to be mainly libertarian in its inspiration, but he contends that the libertarian impulses of the Revolution were betrayed by a centralizing coup d’état.
Original article: https://mises.org/mises-wire/rothbard-constitution-was-coup-detat
Plus, President Trump extends the existing tariffs on Mexico for 90 days. And the Fed’s preferred gauge for inflation was higher than the bank’s target in June. Alex Ossola hosts.
An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.
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Not only are modern monetary theory (MMT) cultists dishonest about the role of money, they also are dishonest about money‘s history. By taking issue with Carl Menger‘s historical version, they expose their own ignorance of how money came about.
Original article: https://mises.org/mises-wire/mmt-wrong-about-history-origins-money
We like to think of the “deep state” as a conspiratorial entity. In reality, the term describes much of what the federal government does in broad daylight.
Original article: https://mises.org/mises-wire/yes-virginia-there-deep-state-and-it-worse-you-think
Meta and Microsoft shares jumped Thursday morning following strong quarterly earnings, with both companies attributing the gains to AI-driven productivity and revenue growth. Susan Schmidt at Exchange Capital Resources weights in. Also on the show: inflation picked up in June, challenging hopes of a cooldown. Diane Swonk at KPMG explains the implications. And later, Marketplace's Jennifer Pak looks at what Chinese consumers are (and aren't) spending on this summer.