SNB & CHF

In a recent lecture on her new book, Redressing Historical Injustice: Self-Ownership, Property Rights and Economic Equality, Wanjiru Njoya challenged current calls among some indigenous groups for “land justice” to redress the alleged historical injustices of European colonization. Drawing from Murray N. Rothbard’s book The Ethics of Liberty, Njoya outlined a set of guideposts for determining the actual justice of such claims with reference to South Africa. As...

Overview: The dollar is mostly consolidating last week's gains. The big news has been on the political front. Thailand's opposition parties dealt the military-led government a powerful blow. But in Turkey, Erdogan staved off a serious challenge and a run-off later this month looks likely, while his party maintained its parliamentary majority. Tensions over arms shipments to Russia have eased between the US and South Africa, giving the rand a boost. The greenback's...

Like the USA, Canada has had a central bank–fueled housing boom. Like all other booms, it also has an inevitable ending. Original Article: "Canada’s Housing Boom Was a Bubble. Now Comes the Bust" [embedded content] Tags: Featured,newsletter

The real issue we face is not whether we should be in the red tribe or the blue tribe, but rather what will be the constituency for freedom. Original Article: "Neither Red nor Blue, but Free" [embedded content] Tags: Featured,newsletter

We hear ad nauseum from political and media elites that the war in Ukraine is about preserving "our freedoms." Murray Rothbard had something to say about this sophistry. Original Article: "Rothbard Was Right: Wars Don't Enhance Freedom. They Destroy Liberty." [embedded content] Tags: Featured,newsletter

There are different ways to measure it, but the dollar just put in its best week of the year. The greenback rose against all the G10 currencies, and the Dollar Index rose by the most since last September. It also appreciated against most emerging market currencies, with the notable exceptions of a handful of Latam currencies. It seems to be an overdue technical correction. Few genuinely believe that the US will default given the ominous consequences, but the...

After a long series of rate hikes, Fed officials and asset markets are expecting a long series of interest rate cuts. This is based on the tried and hue Phillips Curve analysis. In color theory, "hue" is the technical appearance of color that can be described mechanically as a number. Let's hope interest rate expectations are not being distorted by other factors of reality, and that current Phillips Curve model perceptions of hue are also true. Be sure to...

In history classes (in public or private schools, colleges, and others), state propaganda, and mainstream history, a historical fiction has been spun that allegedly debunks any notion of noninterventionism. This is the myth of American isolationism. The assertion usually goes that America was extremely isolationist prior to World War I and had no interest in involving itself in unnecessary warfare. After the Zimmermann telegram was sent, America was then forced to...

[This article is excerpted from Conceived in Liberty, volume 1, chapter 6, "The Social Structure of Virginia: Bondservants and Slaves". An MP3 audio file of this article, narrated by Floy Lilley, is available for download.] Until the 1670s, the bulk of forced labor in Virginia was indentured service (largely white, but some Negro); Negro slavery was negligible. In 1683 there were 12,000 indentured servants in Virginia and only 3,000 slaves of a total population of...

Last weekend, the PLR/FDP unveiled a plan to create a budget low cost health insurance option in Switzerland, reported RTS. Photo by Anna Shvets on Pexels.comThe proposal, which includes lower cost ways of delivering healthcare, will be presented to parliament next month. Examples of ways to lower costs include limiting the choice of hospital and sharing hospital rooms with more patients or in less luxurious surroundings. The plan is a response to rising health...