SNB & CHF

In March 2009, in the midst of recession, then Treasury secretary Timothy Geithner was pressed to respond on the question of whether or not another currency—possibly the IMF’s special drawing rights (SDRs)—might displace the US dollar as the dominant global reserve currency. Geithner responded that he’s open to more use of SDRs but then felt the need to clarify with “The dollar remains the world’s dominant reserve currency and I think that’s likely to continue for a...

Recorded in Birmingham, Alabama on April 22, 2023. From the Mises Institute's recent event in Birmingham, Alabama dedicated to the global threat of "The Great Reset". [embedded content] Tags: Featured,newsletter

Join Mises Club Opelika for their second meeting at Botanic in Opelika. The Meetup will take place Saturday, June 24.  There is no registration fee, but attendance will be limited due to space.  Please contact Ed Kerns to reserve your spot or if you have any questions, [email protected]. [embedded content] Tags:...

The latest Canadian housing data showed a slight uptick in prices and a pause from 2022’s correction, and a new wave of dip buyers has already begun to call this a buying opportunity, as if valuations at ten times average annual income and 50 percent more expensive than their cash flows were anything but still extremely overvalued. This is merely the most recent development in what appears to be the end of Canada’s massive housing bubble and the beginning of a...

Although equality and "equity" are modern buzzwords, the only way to reach such a social nirvana is through violent means. Do we really want to go there? Original Article: "Equality Requires State Violence" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content] Tags: Featured,newsletter...

The Revolt against Humanity: Imagining a Future without Usby Adam KirschColumbia Global Reports, 2023; 100 pp. Aristotle says in book 1 of the Nicomachean Ethics that “happiness, therefore, being found to be something final and self-sufficient, is the End at which all actions aim.” The Greek word eudaimonia, “happiness” in this edition, is often translated as “flourishing.” Isn’t it obviously true that you want your life to flourish? Of course, all sorts of bad...

Are NASA contracts propping up the private space industry? Or are Government regulations stifling the private space race? Dr. Eli Dourado, Senior Research Fellow with the Center for Growth and Opportunity at Utah State University, joins Bob to discuss the recent "successful failure" of the exploded SpaceX launch and the differences between government and privately funded space travel. Dr. Dourado on NASA contracting private companies to build their shuttles:...

As markets settle down after the last set of bank failures, political elites claim the crisis is behind us. But it is not over, not by a long shot. Original Article: "No, the Financial Crisis Is Not Over" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content] Tags: Featured,newsletter

The human tendency to kill what one fears asserted itself on April 4, 2023, as a Manhattan district attorney called Donald Trump into his office to issue a vague threat. What crime Trump was being charged with is known only to Alvin Bragg, but the rest of the world is left playing a guessing game. Trump supporters are rallying everyone with a heartbeat to support their candidate. It’s survival time. Even a few Trump haters are finding a way to support Trump. Not that...

Overview:  The market took a dovish message away from the Bank of Japan and sent the dollar above JPY136, its best level since March 10 and spurred a sharp rally in JGBs. Japanese equities led the rally among the Asia Pacific markets. Europe has not been able to follow suit. It disappointed with Q1 GDP (0.1% rather than 0.2%). The Stoxx 600 is of about 0.3%, leaving it off about 1.3% this week, its first weekly loss since the middle of March. US equity futures are...