Writing about the cultural background of Ludwig von Mises, an eminent former compatriot of mine, poses some difficulties: how to present you with a world radically different from yours, a world far away, which in many ways no longer exists.
The United States is not a nation. From the very beginning it was more of a collection of various nations united by ideas of political unity and by fairly high levels of tolerance for other groups within that union. The US certainly contains nations, but it was never a single nation.
With the economy growing at 2.1%, unemployment at 3.6%, creating 170,000 jobs per month, and estimated underlying core inflation of 2%, no objective data justifies cutting rates that are already artificially low.