Mises Daily Email

Tuesday, January 13, 2026

Trump’s people are applying more pressure against the Fed in Trump’s quest to get even more easy money for his runaway spending. Compared to Trump, Jerome Powell looks relatively reasonable, but in this fight between two inflationists, there is no good guy.

With 2026 being the 250th anniversary of the Declaration of Independence, we remember the Articles of Confederation which, unlike the 1787 Constitution, reflected the true spirit of the Revolution.

Ryan McMaken, Editor-in-Chief

Trump’s Justice Dept. Launches Criminal Probe against the Fed’s Powell

Ryan McMaken

This feud is little more than two factions within the Federal government fighting over how exactly to use the Fed’s many powers to inflate, exploit, and help fund an ever-expanding federal government.

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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?

Why Can’t I Have My Own Money Printer?

What would be the economic consequences if one individual had a money printer? Now trace that out to a central bank and government.

Hyperinflation in Germany, 1914–1923

What the witch was to medieval man, what the capitalist is to socialists and communists, the speculator is to most politicians and statesmen: the embodiment of evil.

History of Hyperinflation

Hyperinflation isn’t ancient history. It’s a recurring policy failure with war-level damage.

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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.