SNB & CHF

In 1934, at the behest of Prime Minister R.B. Bennett and with the approval of Parliament, Canada’s central bank, the Bank of Canada (BOC), was founded. It began operations in 1935. Its job is “to promote the economic and financial welfare of Canada.” It is now 2023, and more than half of Canadians are living hand to mouth, a trend that has been well established for many years. How much longer do we have to wait for the BOC to do its job? The BOC continues to operate...

Writing for The Volokh Conspiracy, hosted by Reason magazine, George Mason University law professor Ilya Somin argues that the war in Ukraine amounts to a clash between liberal democracy and authoritarian nationalism and that these stakes must be taken into account when continuing to support Ukraine. Somin argues that the ideology of the winning side in a war receives a boost, pointing to the rise and then fall of fascism and communism. These examples are lacking, to...

When the Boeing 737 MAX had two crashes, the usual suspects called for more regulation. It turns out that the crashes were due more to regulatory failure than anything else. Original Article: "Boeing 737 MAX Disasters' Root Cause Was Government Regulation" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content]...

In this short video, we meet a group of Ukrainian refugees who are going to school in Switzerland. The refugees are looking forward to integrating into Swiss society and learning a new language. Swiss schools are famous for their integration policies, which make it easy for refugees to learn the language and culture of Switzerland. This video shows how the refugees are getting to grips with their new school and how they're preparing to continue their education in Switzerland. Since the...

The yen is off about 1% this month to bring the year-to-date decline to about 2.4%. It fell by 12.2% in 2022 and 10.3% in 2021. The yen rallied against the dollar for the five preceding years. Over that five-year period the dollar fell from around JPY124 to JPY99, but it was all done in H1 16, and after a rally at the end of 2016 and very early 2017 (to about JPY118.65), the dollar ground down around JPY101. This year’s dollar low was set in mid-Jan near JPY127.25...

Overview:  The dollar is mostly lower, led by the Swiss franc and euro. However, despite softer US rates and a victory for the LDP in local Japanese elections, the yen is trading with a softer bias. Japanese stocks recovered from the pre-weekend profit-taking seen after the Nikkei make new highs for the year. Most other large bourses in the region except Taiwan and India also moved lower. Note that China's CSI 300 fell for the fourth consecutive session and the...

Politicians like Elizabeth Warren and Alexandria Ocasio-Cortez are demanding that successful entrepreneurs be taxed into oblivion. The real parasites are the politicians who destroy wealth instead of creating it. Original Article: "Who Are the Wealth Destroyers, Politicians or Billionaires?" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content]...

The bipartisan RESTRICT Act—marketed as a "Tik Tok ban"—is properly named because it will restrict freedom, empower the state, and expand government surveillance.  Original Article: "The RESTRICT Act Launches a New War on Free Speech" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content]...

As governments create a housing crisis, Marxists call for policies that will make the crisis worse. Original Article: "Marxists Have a Plan for Housing: Make Sure There Is Less Available" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content] Tags: Featured,newsletter

Mark looks at the price of Apple stock—one of the best performing stocks over the last quarter century, and one of the largest holdings in stock indexes, mutual funds, and Berkshire Hathaway portfolio. Market watchers have kept a keen eye on Apple as it heads for a new all-time high; but, Mark is concerned that a downturn would have a huge ripple effect on the overall market—possibly equivalent to a tsunami.  Be sure to follow Minor Issues at...