SNB & CHF

This article was originally published in Libertarian Outlook (vol. 1, no 1, August 1985). This was the only issue of the magazine that was ever published. Permission was granted by Eric Garris, one of the original coeditors, to reprint this article on mises.org. Libertarians have devoted so much time and energy to the important cause of repealing laws against victimless “crimes” that we have tended to neglect an equally important social problem: crimes with victims,...

Naomi Wolf has taken on the American medical bureaucracy for its lies and malpractice in dealing with covid. Original Article: Battling Beasts and Bureaucrats: Naomi Wolf and the American Medical-Government Police State [embedded content] Tags: Featured,newsletter

Quit College—or Better Yet, Don’t Even Start When I was in university a decade ago, this was some wacky, contrarian advice. It wasn’t unheard of for intellectual, middle-class youngsters to opt out of college, and it was still the early days of efforts like Praxis, but realistically there didn’t seem to be any alternatives. So, I went to university because that’s where you learn things and become a grown-up . . . or something. These days, half of American parents say...

Federal flood insurance was created ostensibly to provide insurance to people who live in flood-prone areas. Not surprisingly, it subsidizes bad home-building decisions and wastes billions of dollars. Original Article: Federal Flood Insurance Drains Taxpayers [embedded content] Tags: Featured,newsletter

​Why are we using state money instead of market money? Put another way, why can’t we select the money we want to use? Cryptocurrencies are a market alternative, but they haven’t put state money out of business yet. If they ever threaten to do so, the state can prohibit them. Market money is sound because of two essential features. First, it represents the market’s choice of a universally accepted medium of exchange, and second, it shackles government to a great...

Overview: The dollar is beginning the new week narrowly mixed against the G10 currencies. Sterling seems largely unaffected by the cabinet reshuffle that has seen former Prime Minister Camron return as the foreign minister, replacing Cleverly who replaces Home Secretary Braverman. The dollar rose to new highs for the year against the Japanese yen (~JPY151.85). The market has shown little reaction to the pre-weekend news that Moody's cut the outlook for US credit to...

In Switzerland, rents for apartments on the market continued to rise in October. However, there were clear differences in the individual cantons. Share Facebook Twitter E-mail Print Copy link Across Switzerland, rents for new and re-rentable apartments – the so-called asking rents – rose by 0.4% in October compared to the previous month, according to the Homegate rent index published on Monday. The index advanced by 0.5 points to 123.8 points. On an annual...

The field of behavior economics downplays the role of purposeful praxeology in economics. Austrian economics does not make that error. Original Article: Reason versus Emotion in Economics: A Praxeological Response [embedded content] Tags: Featured,newsletter

The countries have changed, but the story remains the same. Wealthier countries try to “invest” by lending money to African regimes, where the money disappears. This time, China is the big lender. Original Article: No Monetary or Political Bailouts for Belt-and-Road Initiative Debtors [embedded content] Tags:...

Modern prosperity is astonishing, but it can quickly disappear if our monetary unit fails. We need to keep up the fight for sound money. Original Article: Cut through the Media Noise, and Remember the Economic Priorities [embedded content] Tags: Featured,newsletter