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SNB & CHF

Draper on War: When Is War Just?

War and Individual Rights by Kai Draper; Oxford University Press, 2016, xii + 254 pp.Many people make fun of analytic philosophy because of its use of imaginary cases, often elaborated with what seems perverse ingenuity. It is better, critics claim, to stick close to reality. While there is much to be said for this, the analytic method is frequently insightful, as I’ll try to show. War and Individual Rights is the best analytic discussion of the just war, both the...

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Erzwungene Transformation – das große Missverständnis

  Erzwungene Transformation – das große Missverständnis 22. November 2024 – von Rainer Fassnacht Zur Bedeutung des Wortes Transformation ist im Duden zu lesen „das Transformieren; das Transformiertwerden“. Diese Erklärung weist aus Sicht der Sprache auf einen Doppelcharakter hin – der Mensch kann selbst aktiv gestalten oder ein Objekt für die Umgestaltungswünsche anderer Menschen sein. Genau dieser Doppelcharakter zeigt sich auch, wenn Ökonomen von...

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Logs Only Roll In One Direction: Fighting Kinetic Energy

Before anyone gets their hopes up about a reduction in government expenditures resulting from the upcoming Department of Government Efficiency (DOGE), remember that, once rolling, a log rolls in one direction—downhill—until stopped. But have any of us ever tried stopping a log as it accelerates down a hill?The LogAh, the log. Speaking with the voice of a legislator, it blocked your path—your desired line-item, buried deep in a spending bill, which was on its way to...

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The Fed’s Gold Standard Confusion

By Bryan Cutsinger Why did the United States abandon the gold standard? In an article published recently by the Federal Reserve Bank of St. Louis, Maria Hasenstab cites the international gold shortage during the Great Depression. “Countries around the world basically ran out of supply and were forced off the gold standard,” she writes. In passing, the article mentions the American people were not forced off by an international gold shortage,...

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Wealth and Income Inequality Are Essential for Social Cooperation

It is popularly deemed a sign of moral superiority and a mark of the “progressive” mind to heavily criticize the existence of inequalities of wealth and income within the social order of the division of labor and private ownership in the means of production. However, the sober mind, careful of being unduly biased by errant ideological presuppositions, is often found to hold views that run contrary to the prevalent lines of reasoning advanced by these critics. This...

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Ueda Lifts Yen, Leaving Euro and Sterling Pinned Near Lows

Overview:  Escalating tensions in Europe and comments from Bank of Japan Ueda that spurred speculation of a December hike are the main drivers of the foreign exchange market today. The yen is the strongest of the G10 currencies, up about 0.65%, while the euro is the weakest, off a little more than 0.25%, and sterling is down almost as much. Most of the other G10 currencies are little changed. Led by central European currencies, most emerging market currencies are...

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USD/CHF Price Forecast: Trades sideways below 0.8850

USD/CHF trades in a tight range below 0.8850 as investors seek fresh Fed interest rate cues. Donald Trump’s economic agenda will be inflationary for the US economy. Investors await flash US S&P Global PMI for November and SNB Schlegel’s speech, which are scheduled for Friday. The USD/CHF pair consolidates in a tight range below 0.8850 in European trading hours on Thursday. The Swiss Franc pair trades sideways as investors look for fresh...

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