MacIver Marketplace, June 17, 2016

Courtesy of a British think tank, this article explores why Keynesian economic theory fails to accurately predict economic phenomena and therefore should not be used when creating policy.

The Federal Reserve met this week and decided to keep rates steady in light of a weaker than expected jobs report and the potential for economic turmoil should Brexit succeed.

This article comments on the U.S. Federal Reserve and the Bank of Japan’s recent monetary policy decisions as they both try to anticipate the economic consequences of a Brexit.

What is Brexit, you ask, and why are countries’ monetary policy leaders keeping an eye on it? The Economist has various briefs describing what it is and the potential consequences for the world economy.