SNB & CHF

In the wake of the Arab Oil Embargo of 50 years ago, Congress banned U.S. export sales of crude oil. The results were different than what government "experts" imagined. Original Article: Oil Export Bans Make for Crude Politics [embedded content] Tags: Featured,newsletter

While the prospect of Javier Milei being elected president of Argentina is attractive, his plan to "dollarize" the Argentine economy will fall well short of hopes and expectations. Original Article: Dollarization in Argentina Will Not Promote Freedom [embedded content] Tags: Featured,newsletter

Jonathan Newman rejoins Bob to explore more of the mechanics and political implications of the Fed's current state of insolvency. Diving Deeper into the Fed's Trillion Dollar Loss Video of Diving Deeper into the Fed's Trillion Dollar Loss The Mercatus Article on Quantitative Easing: Mises.org/HAP417a Furman's Op-Ed in the WSJ: Mises.org/HAP417b   Join us in Fort Myers on November 4 to cut through the campaign...

No matter the situation, bank CEOs believe that the Big Score is just around the corner. Then reality hits. Original Article: Bank CEOs Have Their Heads in the Clouds [embedded content] Tags: Featured,newsletter

Mark contemplates the political divide in America, the lack of a middle ground, the political divisions in DC, and the turmoil over the Speaker of the House. Looking around the world, similar problems exist in many places; but, there is a tried and true solution, which Mark explains. Be sure to follow Minor Issues at Mises.org/MinorIssues. [embedded content]...

The markets absorbed two shocks last week. The war in Israel that seems to know of no restraint underpinned oil prices and appeared to help boost gold and the Swiss franc, the only G10 currency to appreciate against the dollar. The other was the continued deluge of US Treasury supply, the coupon auctions that tailed and higher than expected PPI and CPI. Nevertheless, the US 10- and 30-year yields fell nearly 20 bp last week, snapping a six-week uninterrupted...

The surprise terrorist attack on Israel by Hamas has created a new geopolitical crisis with many unexpected implications. We cannot forget the hundreds of people that have been killed in this attack—a terrible loss of innocent lives. In markets, the Key Tel Aviv share indices declined around 7% and sovereign bonds slumped by 3% after the bloodiest attack on Israel in many years. Investors should not worry because this war has very significant ramifications. Iran has...

[On Monday, October 9, the Royal Swedish Academy awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Claudia Goldin of Harvard University. Two Swedish expatriates reflect on the meaning of the Prize and this year’s recipient.] Per Bylund As an Austrian economist, the announcement of the economics prize—often misleadingly referred to as the economics Nobel Prize—is a matter of not knowing whether to laugh or cry (or both). Rather than...

The middle, compromising stance of those called “centrists” or “moderates” is very often mistaken for a balanced and reasonable position. Little else is worse than an entire world tricked into what rationally amounts to crime, thinking it is balanced, realistic, and optimal. The centrist has become convinced that their middle position is the only fair and just stance, and that anything else is imbalanced extremism. The opportunity to rationally examine these...

The recent attacks by Hamas on Israeli civilians have led to justified outrage. But will Israel's response also kill innocent people? Murray Rothbard has words of wisdom on this subject. Original Article: Is It Just War or Unjustified Slaughter of Innocents? [embedded content] Tags: Featured,newsletter