Mises Institute
Tuesday, January 13, 2026
There are plenty of people out there who criticize the Federal Reserve these days. The problem is many of them do it for the wrong reason: they think interest rates are too high. Unfortunately, lower rates won’t solve the boom-bust problem or fix our ailing economy. Higher rates are the answer. ([link removed])
Also, Trump has invoked the Monroe Doctrine repeatedly. But the “doctrine” has never been a good reason ([link removed]) to invade or bomb other countries.
Ryan McMaken, Editor-in-Chief
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Cutting Interest Rates Isn’t a Cure‑All for the Economy
Alan Mosley
The Fed is cutting its discount rate again, but Americans will be disappointed with the results, as the Fed’s latest action only contributes to the boom-and-bust cycle.
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Why The Monroe Doctrine Cannot be Reestablished
Patrick Frise
With American intervention in Venezuela, some are claiming that the Trump administration is simply invoking the Monroe Doctrine, or its corollary, the “Donroe” Doctrine. In reality, neither doctrine is an appropriate reason for US military intervention in Latin America.
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Did the Articles of Confederation Fail? Probably Not
The Articles actually worked the way they were supposed to work.
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Isolationism and the Foreign New Deal
From America First to “perpetual war for perpetual peace”: the rise of Leviathan at home and intervention abroad.
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Sovereign Credit, Affordability, and the Crisis Ratchet
What if the affordability crisis is not a failure of markets at all? What if it is the predictable outcome of how modern governments finance themselves?
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How to Compare Prices and Progress over the Years
One way to compare prices of similar commodities and services over long periods of time is to convert the nominal prices to ounces of gold.
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Calculation and the Question of Arithmetic
The view that Ludwig von Mises had more in mind in his calculation critique of socialism than the Hayekian knowledge problem has recently been attacked by Leland Yeager.
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History of Hyperinflation
Hyperinflation isn’t ancient history. It’s a recurring policy failure with war-level damage.
WATCH NOW ([link removed])
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The Misesian
The latest issue of The Misesian discusses why, without private property, there is no way to plan for the future, and one’s goods are always subject to confiscation from the more powerful. In other words, a world without private property is a lawless world.
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