Mises Wire

An entrepreneur earns profit by serving the consumers, the people, as they are and not as they should be according to the fancies of some grumbler or potential dictator.

James Tift Champlin (1811–82) was born in Colchester, Connecticut.

The mother of all monetary stimuli could turn out to be worse than a dud—a catalyst to a slide into further recession just as the supply shock of pandemic recedes.

Just how is this magic created? The spurring of demand in the midst of a covid-created depression. The wizards at the Fed and Treasury have created an intoxicating frothy brew for stock and home buyers alike.

While the Left believes itself to be the friend of the downtrodden, the fact is that the Left supports policies that hinder countless Americans of all backgrounds in attaining economic success for themselves and their families. 

Advocates for looting are now claiming that looting doesn't really hurt anybody but evil corporations. In truth, looting is a disaster for many families, business owners, and the neighborhoods themselves.

The most important insight of the Fed's move to increase its inflation target is this: central banks don't much like to follow "rules." They make the rules.

Ludwig von Mises viewed sound money as a limit on government power and as "an instrument for the protection of civil liberties against despotic inroads on the part of governments. "

Far from being a tool of "exploitation," industrialization and free trade are proven strategies to bring higher standards of living to the developing world.

The foundational assumption behind the gun control narrative is that only government law enforcement agencies should have guns and that we should trust police to keep us "safe." That narrative is failing.