SNB & CHF

Overview: The focus is squarely on the US employment report. At the risk of oversimplifying, given the position adjustment in the past 48 hours, a solid report can see the greenback recover, while a disappointing report will likely see it deepen the correction of the rally that began with the February jobs report. The dollar recovered in the North American afternoon yesterday and many observers attributed it to the bevy of Fed comments. Yet, the interest rate market...

Nick Gillespie, editor-at-large for Reason, recently got into a friendly dispute with Bob over whether American libertarians were being too pessimistic. He joins Bob to make the case for optimism, while Bob demurs.Human Action Podcast listeners can get a free copy of Dr. Guido Hülsmann's How Inflation Destroys Civilization: Mises.org/HAPodFree [embedded content]...

In The Price of Time, Edward Chancellor has given us a colorful and provocative review of the history, theory, and the profound effects of interest rates, the price that links the present and the future, which he argues is “the most important price of all.” The history runs from Hammurabi’s Code which in 1750 BC was “largely concerned with the regulation of interest,” and from the first debt cancellation, which was proclaimed by a ruler in ancient Mesopotamia, all...

In today's discourse on Bolivia, notions of liberalism, free markets, or traditional capitalist ideals don’t ever come to mind in contrast with mainstream discussions of 21st-century socialism, Keynesian policies, and a notable lack of economic freedoms. In fact, Bolivia was ranked 117 in 2021 by the Fraser institute in the Economic Freedom of the World: 2023 Annual Report. And it scored 43.4 in the Economic Freedom Index by the Heritage foundation, making it the...

A strategy for liberty must be both optimistic and realistic.Perennial optimists are sometimes tempted to ignore or minimize hazards, their answer to every challenge being somewhat lackadaisical: “Don’t worry, it will be fine.” They make the mistake of supposing all that is needed to surmount any challenge is a good bout of optimism. They can be heard, for example, assuring us that simply pronouncing the slogan “go woke, go broke” will scatter the enemies of liberty....

The price or the rate of exchange of one good in terms of another is the amount of the other good divided by the amount of the first good. In the money economy, price will be the amount of money divided by the amount of the first good.Suppose two transactions were conducted. In the first transaction, one TV set is exchanged for $1,000. In the second transaction one shirt is exchanged for $40. The price or the rate of exchange in the first transaction is $1,000 per TV...

The word "treason" has enjoyed something of a renaissance in recent years—on the Left. It used to be more popular on the Right. During the Cold War, conservatives frequently employed the word to demand their ideological enemies be exiled or executed. Nowadays, anti-immigration activists frequently denounce their opponents as "the treason lobby." But it's on the Left that the word appears to have its most devoted advocates at the moment. Robert Reich, for instance, is...

Russian writer Mikhail Shishkin, who works and lives in Switzerland, is our guest in On the Record. He talks about how to defend Russian culture, how he witnessed Switzerland welcome dirty money with open arms and asks whether Russia and Ukraine will ever be able to reconcile in the future. Watch the full interview here: https://youtu.be/RcFh4iyBq78 See more episodes in our special series 'On The Record':...

Russian writer Mikhail Shishkin, who works and lives in Switzerland, is our guest in On the Record. He talks about how to defend Russian culture, how he witnessed Switzerland welcome dirty money with open arms and asks whether Russia and Ukraine will ever be able to reconcile in the future. Russian writer Mikhail Shishkin may live in the peaceful village of Laufen but the war his country wages against Ukraine is a constant source of torment. "How do you explain to people there [in...

Russian writer Mikhail Shishkin, who works and lives in Switzerland, is our guest in On the Record. He talks about how to defend Russian culture, how he witnessed Switzerland welcome dirty money with open arms and asks whether Russia and Ukraine will ever be able to reconcile in the future. --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events. For more...