SNB & CHF

Utah Governor Spencer Cox has signed legislation explicitly empowering the state treasurer to protect state funds with an allocation to physical gold and silver.Sponsored by Rep. Ken Ivory, House Bill 348 permits – but does not require – the Treasurer to hold up to 10 percent of certain state reserve accounts in physical gold and silver to help secure state assets against the risks of inflation and financial turmoil and/or to achieve capital gains as measured in...

The boundaries of contemporary public debate are artificially constrained by egalitarian values. Both progressive liberals and classical liberals are opposed to the more-outlandish versions of wokery, but many consider egalitarianism to be a good idea in principle as long as it is not taken “too far” by communist ideologues. The ongoing purge of diversity, equity, and inclusion (DEI) schemes at universities in Republican states has closed offices and fired staff to...

Overview: The dollar is trading quietly against the G10 currencies as European markets remain on holiday. Narrow ranges have prevailed. The dollar-bloc currencies are leading with minor gains, perhaps helped on the margins by better-than-expected Chinese PMI, but the Scandis, which also typically do well amid a better global growth profile are the laggards. This may speak to the light liquidity conditions. Japan may have missed a tactical opportunity to intervene to...

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The macroeconomic and geopolitical developments have not changed substantially over the past month. The resilience of the US economy allows the Federal Reserve to put more emphasis on achieving price stability. While the market favors a June cut (66% vs. 80% at the end of February), it has not been fully discounted for over a month. The biggest event in March may have been the well-telegraphed exit from negative interest rate policy and Yield Curve Control by the...

Some economists believe that the increase in the minimum wage will boost unemployment, while other economists think otherwise. Hence, they believe that raising the minimum wage would raise the living standards of workers.For example, in a study conducted in the 1990s, economists David Card and Alan Krueger examined a minimum-wage rise in New Jersey by comparing fast-food restaurants there and in an adjacent part of Pennsylvania, finding no impact on employment. Other...

Suppose you bring a fur coat to a dry cleaner and later discover that the owner allowed his wife to wear it before cleaning it (an episode from Seinfeld). Or suppose you gave your car keys to a hotel valet and was told he lent your car to teenagers who took it for a joyride while you were sleeping at the hotel. You would not be too happy and for good reason. When you surrendered your clothes or your car keys, it was a bailment. You retained ownership and gave the...

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436 [embedded content] Tags: Featured,newsletter

In its usual form, the case for privatizing public parking invokes the basic economic principles of supply and demand. This case is usually restricted to private parking lots and garages. For example, Walter Block discusses how market incentives can drive parking rates to rise to eliminate shortages here. A more radical proposal is the privatization of public parking altogether. A common form of public parking that libertarians can target for privatization is free...

Yeah, the other night I laid sleeping And I woke from a terrible dream So I caught up my pal Jack Daniel's And his partner Jimmy Beam And we drank alone, yeah With nobody else Yeah, you know when I drink alone I prefer to be by myself ~George ThorogoodI poured hundreds of “Jack and Cokes” when I tended bar from the late 70’s to mid 80’s. It was beyond me how anyone could tell the difference between Jack Daniels Old No. 7 and anything else when mixed with coke or...