SNB & CHF

Despite all of the supposed safeguards to prevent bank failures, banks still fail. Perhaps the so-called safeguards are causing much of the trouble. Original Article: "Why Do Banks Still Fail?" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content] Tags: Featured,newsletter

In Switzerland's second richest city, there is no shortage of shops offering second-hand clothes or clothes made from recycled textiles. The only problem is finding them, according to researcher Katia Vladimirova, who has been studying sustainable fashion in the city. When the Russian researcher arrived in Geneva, after living in London, New York and Milan, she found it incredibly difficult to find clear, detailed information on how to shop sustainably for clothes. Working at the...

We are hearing calls both from right and left for an amicable national divorce. In truth, the states were never "hitched" in the first place, at least not by any plausible definition of marriage. Original Article: "Do We Need a "National Divorce"? It's Not a New Idea" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content]...

Mark discusses something bigger than the Disney layoffs: the Wall Street Journal's April 25 frontpage article on investing in gold. It would seem that the recent rise of the price of gold is the result of tired, dumb, and disillusioned crypto currency investors throwing in the towel to "chase shiny new object—gold." Mark explains that the rational reasons for investing in gold loom larger than the entire Magic Kingdom! Be sure to follow Minor Issues at...

Everyone will agree that the American tax system is a mess. Taxes are far too high, and the patchwork system is so complicated that even IRS officials don’t understand it. Hence the evident need for some sort of dramatic, even drastic, reform. As often happens, a group of dedicated and determined reformers has arisen to satisfy that need. But before we embrace this new gospel, we should heed the old maxim about jumping from the frying pan into the fire, and also...

College campuses have long been battlegrounds between due process for those accused of sexual misconduct (innocent until proven guilty) and legal privileges for alleged victims who many automatically believe (guilty until proven innocent). The front line is Title IX, the 1972 federal law designed to curb sex discrimination in schools. President Joe Biden’s Department of Education (DOE) wants to add gender identity to the mix. The players in this renewed conflict are...

In March 2009, in the midst of recession, then Treasury secretary Timothy Geithner was pressed to respond on the question of whether or not another currency—possibly the IMF’s special drawing rights (SDRs)—might displace the US dollar as the dominant global reserve currency. Geithner responded that he’s open to more use of SDRs but then felt the need to clarify with “The dollar remains the world’s dominant reserve currency and I think that’s likely to continue for a...

Recorded in Birmingham, Alabama on April 22, 2023. From the Mises Institute's recent event in Birmingham, Alabama dedicated to the global threat of "The Great Reset". [embedded content] Tags: Featured,newsletter

Join Mises Club Opelika for their second meeting at Botanic in Opelika. The Meetup will take place Saturday, June 24.  There is no registration fee, but attendance will be limited due to space.  Please contact Ed Kerns to reserve your spot or if you have any questions, [email protected]. [embedded content] Tags:...

The latest Canadian housing data showed a slight uptick in prices and a pause from 2022’s correction, and a new wave of dip buyers has already begun to call this a buying opportunity, as if valuations at ten times average annual income and 50 percent more expensive than their cash flows were anything but still extremely overvalued. This is merely the most recent development in what appears to be the end of Canada’s massive housing bubble and the beginning of a...