Mises Wire

Donate today and help us train the next generation of Austrian economists and counter regime propaganda.

As tariffs force up business costs, analysts are claiming that businesses will have to “absorb costs” to stay in business. That is not a sustainable strategy, as businesses cannot survive under these high-cost circumstances.

The irony of the Jimmy Kimmel controversy is that he owed his spot at ABC precisely because his work was non-political. Unfortunately in modern America, professional clowns feel they must become political tools.

The political establishment is trying to stoke panic that Trump is “politicizing” the Federal Reserve. But it’s already political. The real danger, from their perspective, is not that Trump is changing the Fed; it’s that he’s making its true nature harder to hide.

The mission of the Mises Institute is to preserve, promote and advance the ideas that can create a better, freer, and more prosperous world.

Mainstream economists have justified the creation of the Federal Reserve because they claim that a growing economy—especially the banking system—needs an “elastic” currency. In other words, the economy “needs” at least some inflation. Austrian economists know better.

The quest for sound money is hardly a recent phenomenon. In 13th century Italy, two different gold monetary units competed with each other in the Medieval Italian economy.

Equal protection laws supposedly protect individual rights by guaranteeing the law protects everyone equally. However, Murray Rothbard noted that these laws often are used to suppress those rights.

The best people in the world support the Mises Institute. Who are they? People just like you. People who happen to care deeply about human liberty and human flourishing. People who care about real economics. Will you join them?

Hayek once remarked, “If socialists understood economics, they wouldn’t be socialists.” Building on this, if socialists understood socialism, they wouldn’t be socialists.