Trump wants markets up and more easy money. Warsh will deliver.

01/30/2026 Notes in the Margin

Warsh’s hawkish credentials are real. His hawkish future is not. Trump didn’t pick him to raise rates and crash markets before the midterms.

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.

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Latest Articles

Kevin Warsh’s Successful Political Campaign

01/30/2026 Power & Market Tho Bishop

Leading up to his selection, Warsh had expertly crafted a message for his chosen audience of one—Donald Trump.

Fraud as Policy: The Incentives of the Modern Welfare State

01/30/2026 Mises Wire Patrick Frise

Politicians and the media always express shock when they hear about the latest fraudulent schemes involving the welfare system. They shouldn't be surprised, as nothing incentivizes fraud like the welfare state.

Unger The Weather

01/30/2026 Friday Philosophy David Gordon

In this week’s Friday Philosophy, Dr. David Gordon examines the demands of philosopher Peter Unger, namely, that we be forced to give up our wealth to fund a world welfare state. Suffice it to say that Dr. Gordon is not impressed with Unger’s arguments.

Mises, Money, and Catallactics: The State “Theory” of Money Abandons Economics

01/29/2026 Mises Wire Joshua Mawhorter

Ironically, an acatallactic pseudo-theory of money that emerged from a school of thought that rejected theory in favor of an empirico-realistic, historical theory of money now finds it intellectually acceptable, not only to reject catallactic economic theory, but also empirical history.

Quantitative Finance Has a Rotten Foundation

01/29/2026 Mises Wire Laurent Hynes

Austrian economists have long criticized using mathematics to undergird economic analysis. It is time to apply that same criticism to using math to undergird analysis of financial markets.

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The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

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