SNB & CHF

Canada created its central bank during the Great Depression, ostensibly to stabilize the currency and protect the banking system. Today, that system is falling apart, thanks to inflationary central bank policies. Original Article: "Canada’s Legal Counterfeiting Ring Is a Product of Progressive Democracy" [embedded content]...

It is widely held that a growing economy requires a growing money stock because economic growth increases demand for money. Many economists also believe that failing to accommodate the increase in the demand for money leads to a decline in consumer prices. This could destabilize the economy and produce an economic recession or even a depression. Some economists who follow Milton Friedman—also known as monetarists—want the central bank to target the money supply...

Frankfurt School of Finance Center and its Blockchain center designed a new four semester long post-experience master program (MSc) last year. The Frankfurt School’s goal is to provide the expert knowledge necessary to students looking to shape and lead blockchain innovation around the globe and in all industries. Technical and economical understanding on the topics of blockchain, digital assets (including Bitcoin and Ethereum), DeFi, Web3, tokenization, smart...

A bedrock of Austrian economics and libertarianism has been free trade. Unfortunately, some people who claim to value liberty no longer value unhampered exchange. Original Article: "Are Libertarians Abandoning Free Trade?" [embedded content] Tags: Featured,newsletter

Socialists have managed to acquire the loyalty of a coalition of disparate groups by championing the principle of personal liberty. Especially in the United States, many women, disabled, gay people, transgender people, racial and ethnic minorities, and immigrants are among the proud supporters of the socialist cause, foolishly believing that capitalism or the free market is antithetical to their livelihood or lifestyles. They could not be more wrong. Unfortunately,...

Even after two years of "transitory" inflation, America's ruling classes insist that prices are falling and that all of this is temporary. We don't believe them. Original Article: "The Ruling Classes Are Inflation Deniers and the Ship of Fools Sails On" [embedded content] Tags: Featured,newsletter

Members of the U.S. House of Representatives are set to vote this week on new legislation that would greatly increase the federal government's power over private businesses, workers, and US citizens. Unfortunately, much of the GOP majority is supportive of the legislation—the “Border Security and Enforcement Act of 2023” (HR 2640)—because it is being marketed as a bill "to secure the border."  Much of the bill contains reasonable provisions such allowing state...

Speculation is still swirling about why Tucker Carlson was cancelled by Fox News. The major mainstream outlets have credited his dismissal to a few leaked text messages and video footage revealing Carlson making “crude and offensive” comments off air. Some outlets pointed to the lawsuit brought against Fox and Carlson by Abby Grossberg. Still others claim that the Dominion Voting defamation suit was the impetus for the ouster. I have given a different explanation....

In the previous two articles in this three-part series on bipartisan comprehensive political reform, we dealt with the excuses for extortion and evasion such claims for reform provide and with the fact that such claims often lead to more comprehensive ignorance being applied to social problems. Now, we turn to the question of comprehensive reform versus piecemeal reform. When it comes to bipartisan comprehensive political reform, beyond its rhetorical use to enable...

Overview: The market sentiment remains fragile. Equities are mostly lower. Japan was a notable exception, and concerns about China's economy after a sharp decline in imports took mainland and Hong Kong listed companies sharply lower. Europe's Stoxx 600 is giving back yesterday's 0.35% gain plus more. Bank shares are off 0.65% after rallying 4.20% over the past two sessions. US equity futures are heavier. Benchmark 10-year yields are mostly a couple basis points...