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SNB & CHF

Influencers and Subjective Value: They Have Something to Teach Us

In 2022, investments into the creator economy surged to $5 billion. The term creator refers to people who generate value from intellectual output or artistic work. However, a new form of creative has emerged known as the “influencer.” Influencers are online personalities who, through their charisma, cultivate a loyal fanbase. Due to their reach, brands employ influencers to market their products and services. Influencer marketing has proven to be a lucrative venture,...

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Nonmeasure for Nonmeasure

Nomocratic Pluralism: Plural Values, Negative Liberty, and the Rule of Lawby Kenneth B. McIntyrePalgrave Macmillan, 2021; xii + 214 pp. Kenneth McIntyre, a political theorist and historian who teaches at Sam Houston State University, addresses one of the most difficult questions in political philosophy in his excellent book. It is a question that should interest everyone who wants a free society. McIntyre sets forward his answer with an immense command of the...

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Behind the scenes: Making an animation about the Swiss political system

At SWI swissinfo.ch we like to explore new ways of untangling Swiss politics for our audience abroad. Here video journalist Michele Andina uses stop motion animation to show how the federal parliament is set up. This October, Swiss voters will elect their political representatives for the next four-year term. --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international...

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Avalanche research in Switzerland

When and where the next avalanche will happen is hard to predict. In a special cold laboratory in Davos, researchers simulate the effects of wind on fresh snow to better understand the mechanisms that trigger avalanches. For centuries, avalanches have posed a threat to mountain farmers and their livestock. With the development of winter tourism, roads, railways and hydropower plants, the interest in avalanche research and protective measures has grown. The origins of the WSL Institute for...

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The Bank of England: Money Creation in Their Own Words

In March 2014 the world’s oldest central bank, the Bank of England (BoE), did every advocate of sound money a big but unintentional favor by publishing an official introduction to and an official detailed account of unsound money. Given both the importance of and the lack of publicity regarding these two seminal papers over the past nine years, even here at mises.org, the focus in this piece will be on quoting some of the BoE’s “greatest hits.” (This approach was...

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No, We Don’t Need More Nuclear Weapons

Republicans and Democrats may quibble over how federal tax dollars might be spent on various social welfare programs like Medicaid and food stamps. But alongside Social Security, there is one area of federal spending that everyone can apparently agree on: military spending. Last year, the Biden administration requested one of the largest peacetime budgets ever, at $813 billion. Congress wanted even more spending and ended up approving a budget of $858 billion. In...

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Fragile Calm to End the Volatile Week even with the Quadruple Expirations

Overview: The support for First Republic Bank shown by a consortium of US banks by shifting $30 bln of deposits is helping break the financial anxiety that has gripped the market for more than a week. The liquidity provisions for Credit Suisse by the Swiss National Bank also are contributing to improved sentiment. The Fed's balance sheet expanded sharply last week as the bridge banks were extended credit to help the unwind of SVB and Signature Bank. Discount window...

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