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Switzerland faces competition to attract mobile wealth Keystone / Christian Beutler Listen to the article Listening the article Toggle language selector...

The US Dollar Index soars above 106.50 on Monday. DXY surges higher driven by Trump's warnings on tariffs against BRICS nations Strong November ISM manufacturing PMI helps the USD. The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, has surged above the 106.50 level on Monday, the first trading session in December. This move higher has been driven by several factors, including news that US...

Ryan McMaken makes a convincing case on Mises Wire for abolishing the Department of Homeland Security (DHS). But DHS is not the only executive branch cabinet department that has been occasionally mentioned as a candidate for elimination. Aside from the US cabinet departments of State, Treasury, and Defense that date back to the earliest years of the nation, the names of other departments—Agriculture, Commerce, Education, Energy, Health and Human Services, Homeland...

The permanent resident population in Switzerland exceeded nine million people for the first time at the end of June this year. The next milestone, according to experts, is reaching the 10-million mark a few years from now. The rapid growth has positive aspects: the economy is flourishing.  But the infrastructure is under heavy strain and housing is scarce and expensive. We take a closer look at political moves to address the issue of population growth in Switzerland. --- swissinfo.ch...

The US Dollar has kicked off this week on the front foot after Donald Trump slapped BRICS with tariff. Focus shifts to Paris where this Monday, during European trading hours, French parliament is set to convene ahead of a vote for no-cofidence.  The US Dollar Index spikes back above 106.00, though it faces a key level ahead at 106.52. The US Dollar (USD) is rallying higher on Monday driven by two main drivers. First element is Donald Trump’s...

On Sunday night, President Biden issues a broad and sweeping pardon for his son Hunter Biden, covering “those offenses against the United States which he has committed or may have committed or taken part in during the period from January 1, 2014 through December 1, 2024.” Hunter Biden was due to be sentenced this month for federal tax and gun crimes. This pardon removes the possibility of any further legal action in those cases. This pardon comes after many months of...

Not long ago, Black Friday epitomized consumer frenzy. Crowds trampled one another at store entrances, shelves emptied in minutes, and shoppers battled over discounted goods with an intensity critics often likened to greed, desperation, and degradation. These chaotic scenes became a prime target for critics of capitalism, who accused the system of reducing human dignity to unchecked materialism.Naomi Klein famously described such behavior as the “logical endpoint of...

Overview: The US dollar is beginning the new week and month on a firm note. It is rising against all the G10 currencies and nearly all the emerging market currencies. US-President-elect Trump's threat to BRICS if they abandon the dollar is symbolic than substantive, as we have argued, despite the occasional claim to the contrary, a BRICS currency is not realistic, and the China has little interest in fostering another competitor to the yuan. Still, like being told...

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order....

For most commentators, a “stable price level” is the key for economic stability. For instance, let us say that there is a relative increase in consumer demand for potatoes versus tomatoes. This relative increase is depicted, all things being equal, by the relative increase in the price of potatoes. To be successful, businesses must pay attention to consumer demand. Failing to do so is likely to lead to losses. Hence, by paying attention to relative changes in prices,...