Mises Institute
Monday, January 19, 2026
The Federal Reserve is now and has always been a scam that impoverishes ordinary people for the benefit of the state-favored banker class. The regime uses many myths to manufacture support for this institution, and one of these is the myth that the Fed is “self-financed.” Jonathan Newman explains ([link removed]) .
Also, Bill Anderson examines ([link removed]) how politicians in California are using wild fires as a way to rip off property owners.
Ryan McMaken, Editor-in-Chief
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The Myth of a Self-Financed Fed
Jonathan Newman
The Fed’s cost overruns in its building renovation project supposedly are not borne by taxpayers because, as the myth goes, the Fed is “self-financing.” However, the Fed’s “earnings” come from interest payments from the government, payments made by...taxpayers.
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Bait-and-Switch: Victims of the LA Wildfires Find That Local Government Wants Them Gone
William L. Anderson
People who lost their homes last year in the LA wildfires are finding government roadblocks to rebuilding, due to systems put in place by progressives. And nothing will change.
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Revenge of the Skyscraper Curse
With a record-height tower and a flooded credit system, 2026 may be when the curse returns.
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A Closer Look
at John C. Calhoun
When it comes to the great political economist John C. Calhoun, most people love him or hate him.
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Making Imperialism Great Again?
Continued betrayal by President Trump of his no more regime change wars pledge will cause the president and the Republicans to lose support among younger voters.
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Multifamily Delinquencies Rise Again, Hit New Post-Great Recession High
Freddie Mac’s delinquency report for multifamily properties shows delinquencies above the Great-Recession peak.
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Old vs. Young and Rich vs. Poor: How Government Creates Class Conflict
Inflation and its consequences lead to intergenerational conflict for several reasons, making different groups rivalrous while the state expands.
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The United States v. Jerome Powell
Tho, Ryan, and Connor discuss the reported probe into the Fed Chair.
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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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