SNB & CHF

As the Fed increases interest rates to reverse the inflation it has caused, firms that depended on easy money will face the bankruptcy judge. Stay tuned; there's more to come. Original Article: "The Bankruptcy Caravan Is Now Arriving: Time to Pay for the Easy Money" [embedded content] Tags: Featured,newsletter

While George Orwell wrote magnificently against totalitarianism, his attempt to defend socialism in The Road to Wigan Pier stumbled badly. Original Article: "Review: Orwell's The Road to Wigan Pier" [embedded content] Tags: Featured,newsletter

The real drama of default in global markets has not been the federal debt ceiling negotiations in Washington but the write-off by inflation. The issue of whether it turns out that the US Treasury for a few weeks has been slow in servicing its debts—with all delays subsequently rectified—is a sideshow. We could regard this as camouflage for the ongoing real write-off operation. In this, countries led by the US, where a great inflation emerged during the pandemic and...

Residents of rockslide-threatened Brienz/Brinzauls in Switzerland have been fetching items from their homes to make their lives in exile more bearable. They were temporarily allowed home a few days ago for the first time since being evacuated last month amid concerns that the nearby crumbling mountain could destroy their village in Graubünden. Some 84 people live there and only two people per household could return home, with the numbers limited for safety reasons. --- swissinfo.ch is...

Recorded by the Mises Institute in the mid-1980s, The Mises Report provided radio commentary from leading non-interventionists, economists, and political scientists. In this program, we present another part of "Ten Great Economic Myths". This material was prepared by Murray N. Rothbard. In recent years there has been an understandable worry over the low rate of saving and investment in the United States. One worry is that the enormous federal deficits will...

Overview: Today may be the calm ahead of a tomorrow's US CPI and rate decisions by the Fed, ECB, BOJ, and PBOC over the next few days. Most large bourses in the Asia Pacific region rose and Europe's Stoxx 600 is snapping a three-day decline. US index futures are trading higher. US 10-year yield is slightly firmer as are core European benchmark yields. The dollar is under broad pressure and is weaker against the G10 currencies. Against emerging market currencies, it...

In spite of a market downturn and a prolonged “crypto winter”, the volume of illicit cryptocurrency transactions continued to rise in 2022, reaching an all-time high of US$20.6 billion, new data released by blockchain analysis firm Chainalysis show. Total cryptocurrency value received by illicit addresses, 2017-2022, Source: The 2023 Crypto Crime Report, Chainalysis The sum represents a 13.8% increase from the previous all-time high of US$18.1 billion recorded in...

Individualism, while condemned in some cultures, has helped make this country economically successful. Will the influx of immigrants from cultures that devalue individualism reverse that success? Original Article: "Individualism in the US Has Helped Make It an Economic Success" [embedded content] Tags:...

The usual suspects such as Robert Reich claim that corporate profits are causing inflation. Actually, increases in corporate profits are tied to increases in inflation. Original Article: "Higher Corporate Profit Margins Aren't Causing Inflation" [embedded content] Tags: Featured,newsletter

The trans rights movement has quickly moved into government coercion and outright violence. There is nothing libertarian about what is happening in this movement today. Original Article: "“Trans Rights” Means Trans Entitlements and the End of Civil Society" [embedded content] Tags: Featured,newsletter