Mises Wire
Author:
Ryan McMaken
Online Publish Date:
Earlier this week, the Reserve Bank of Australia, the country’s central bank, lowered its key interest rate from 2.0 percent to 1.75 percent, which is a record low. Australia is about equal to the State of New York in terms of both population and the size of its economy, so it’s not an irrelevant economy, and the Australian bank’s latest move is