SNB & CHF

If you find my scribblings upsetting, there's an easy solution: stop reading it. We'll both benefit. I'm never more than one inch away from converting my site from essays to photos of kittens and puppies as the only means to gain respite from being hammered for my many failings as a human being. But alas, were I to do so, some readers would detect an insufferable air of elitist superiority in my selection of kitten photos, others would trash me for my worthless...

What is the Mises Institute? 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. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order....

What is the Mises Institute? 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. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order....

In office for just over nine months, Argentine President Javier Milei continues to face enormous economic and political challenges. His support from Congress and the Senate is fragile, and the president’s opponents are trying to mobilize the masses against his policies. This makes success in the economic sphere all the more urgent. The aim here is to find a way out of stagflation—the simultaneous occurrence of stagnation or recession and inflation—in which the...

Send us a text (https://www.buzzsprout.com/twilio/text_messages/915097/open_sms) On Inside Geneva this week we talk to the people behind a new book about life in Gaza, told through the words of those who live there.  “People are actually travelling in the middle of a war, in the middle of Gaza at midnight – the peak of the risk, if you like – to get somewhere where they can get a better internet so they can actually talk to us,” says Mahmoud Muna, editor of...

Send us a text (https://www.buzzsprout.com/twilio/text_messages/910414/open_sms) The Swiss Connection Podcast is back on October 22 with six new episodes on science happening in Switzerland. SWI swissinfo.ch (https://www.swissinfo.ch/eng/) is a public service media company based in Bern Switzerland. It publishes independent news and information in 10 languages about Switzerland for a global audience.

For a video version of this article, see here and below. Donald Trump created some excitement last week when he suggested that he might abolish the income tax and replace it with taxes on imports. Understandably, Most of the excitement came from the prospect of abolishing the income tax. Of course, the Trump plan isn’t to simply abolish the income tax, it’s to replace it with another tax. Moreover, the Trump proposal, like most so-called tax reform programs, is...

As Kamala Harris declares herself open to paying reparations for slavery in a desperate bid to win more black voters, the debate about redressing historical injustices has been once again reignited. California has passed a raft of new proposals “as part of a reparations legislative package” with policies on education, housing, and criminal justice for the benefit of black people. New York has created a commission to study the harms caused by slavery with a view to...

Public opinion polls consistently show the economy is one of the top issues, if not the top issue, for American voters. This may strike some as odd, since official government statistics show low unemployment and declining price inflation, suggesting the Federal Reserve has engineered a “soft landing” bringing down inflation without causing a recession. So why the concern over the economy? One reason is more people are realizing government economic figures hide the...

Overview: A consolidative tone is emerging in the foreign exchange market as the week's key events begin tomorrow:  UK budget, eurozone and US Q3 GDP, and the US ADP private sector jobs estimate, and quarterly refunding. Outside of the Norwegian krone, which is up nearly 0.5%, the other G10 currencies are largely +/- 0.1%. The yen, Swiss franc, and antipodeans are trading with a slightly heavier bias. Among emerging market currencies, most from the Asia Pacific...