While the Federal Reserve is desperate to depict an optimistic vision for the global economy, their fellow central bankers aren't buying it. Earlier this week Mark Carney of the Bank of England shutdown talk of the BOE possibly following the Fed's lead in raising interest rates. Meanwhile, as Fed officials are openly worrying about whether technological advances are undermining their misguided war against deflation, the ECB is desperately looking for people to blame if Europeans begin to feel the pain from rising prices.

On Mises Weekends, Jeff is joined by Dr. Ed Stringham, a Mises associated scholar and the author of the book Private Governance. More and more Americans are waking up to the reality that the US criminal justice system is hopelessly broken, riddled with bad incentives and bad actors. In the wake of recent police shootings Jeff and Ed discuss how and why private security firms could create vastly better outcomes for crime victims, society, and even perpetrators. This is a fascinating discussion you won't want to miss.

And in case you missed them, here are this weeks Mises Wire articles, covering a wide array of topics including: shorter work week ahead, the Fed, our politicized legal system, the stalled money supply growth, and let's privatize the New York City subway.

What Derek Carr's Contract Teaches Us about Wall Street and Income Inequality by Tho BishopThe ECB Blames Inflation on Everything but Itself by Louis RouanetRichard Cantillon Is Sleepless in Seattle by Doug FrenchTeaching "Tips": An Economic and Pedagogical Defense of Gratuities by Anthony GillOur Lawless Central Bank by Ryan McMakenFour Reasons Central Banks are Wrong to Fight Deflation by Guido HülsmannThe Tragedy of the Commons in the Courtroom by Chris CaltonDoes the Fed Follow Its Own Rules? by Daniel Fernández MéndezWill Our Grandchildren Work Only Four Hours Per Day? by Ryan McMakenJeff Sessions's Reefer Madness by Mark ThorntonHow to Fight For Peace by Ron PaulMoney Supply Growth Fell to a 104-Month Low in May by Ryan McMakenAfter Brexit: Germany and the EU Will Look to Asia by Alasdair MacleodOil Is Cheap — Why OPEC Can't Do Anything About It by Edgar OrtizPrivatize the New York City Subway System by Robert FellnerHelp Wanted: Lenders with No Experience (or Short Memories) to Make Risky Mortgages by Doug FrenchTrump Turns Back the Clock With Cold War Cuba U-Turn by Ron PaulFed Raises Rates — Will Other Central Banks Follow? by Ryan McMaken