SNB & CHF

Argentina makes press headlines worldwide and tops the inflation world rankings. People are becoming desperate—living in Argentina is extremely tough—and people are beginning to immigrate to foreign countries. The Argentinian peso is, to the world and the Argentinian citizens, a relentless zombie, rejected by the people but supported by the government, which is desperate to snatch whatever money people have left in their pockets. To develop this further, we must go...

Overview: The market has not yet become convinced that the Fed will in fact deliver the two hikes the median dot anticipates this year, and the dollar was sold off sharply yesterday, the day after the FOMC meeting. In fact, the swaps market is more convinced that the ECB hikes in July than the Fed. Outside of the yen, which was sold after the BOJ stood pat, the G10 currencies are mostly little changed, consolidating the recent moves. Emerging market currencies are...

BOCI (Bank of China) has successfully issued CNH 200 million fully digital structured notes, making it the first Chinese financial institution to issue a tokenized security in Hong Kong. The product was originated by UBS and placed to its clients in Asia Pacific, marking a long-term collaboration between BOCI and UBS in the space of digital structured notes. UBS had issued a USD 50 million tokenized fixed rate note in December 2022 under English and Swiss law,...

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Mises Senior Editor Bill Anderson to discuss his recent article, "David French Gets to Sit with the Cool Kids at the NYT Lunch Table." Bill explains the transformation of French from a "cultural conservative" commentator to the preferred "classical liberal" of the elite. [embedded content] New Radio Rothbard mugs are now available at the Mises Store. Get yours at Mises.org/RothMug ...

All too often, when we see a new technology we don't understand, our natural inclination is to condemn it. Artificial intelligence is no exception. Original Article: "Can We Understand AI? A Response to Jordan Peterson’s Podcast" [embedded content] Tags: Featured,newsletter

On this episode of Good Money with Tho Bishop, Peter St Onge joins the show to discuss this week's Fed announcement and what it means to normal Americans. Tho and Peter also discuss the political battles in DC over the future of CBDCs and the dangerous trojan horse some Republicans may be creating on the issue. Find more from Peter St Onge on Substack at StOnge.Substack.com. You can also find him on Twitter @ProfStOnge.  Good Money listeners can order a special $5...

During a debate on capitalism with James Otteson, Michael Anton opined that free markets are harmful to a nation's economy. Perhaps he needs to learn economics. Original Article: "The Economic Nationalists Are Wrong: Free Trade Means Freedom and Prosperity" [embedded content] Tags: Featured,newsletter

News here in the USA has been full of the latest farce known as raising or not raising the debt ceiling. After the usual dog-and-pony show, a budget deal was reached. But was it progress? It was a foregone conclusion that the debt ceiling would be raised, yet again, for the simple mathematical reason that unless the budget is cut, via spending cuts or increases in taxes, it can do nothing else. With the budget deficit projected to be (hold on to your hat!) $1.5...

Despite "concerns" about increasing federal debt, in the end Republican legislators have gone along with whatever the ruling elites want. The Limit, Save and Grow Act of 2023 is more of the same. Original Article: "Republicans Fail on the Debt Ceiling in 2023" [embedded content] Tags: Featured,newsletter

As reported by Reason, Colorado—one of thirty-one states that had banned its local governments from imposing rent control—is considering repealing that ban. Recent efforts to allow or impose similar controls have also taken place in New York, California, Massachusetts, Oregon, and Minnesota. However, there is a good reason that most states still ban the local imposition of rent control laws. The key reason is that the primary advantage of local determination in a...