SNB & CHF

Marketplace competition is reaching a new high with the era of artificial intelligence—deep machine learning capabilities offered to the entrepreneur as specialized services. AI tools as services spanning the marketplace are popping up at a rate that is seemingly increasing firms’ productivity and competitiveness. However, what implications do offering AI and deep learning as a service have for market operations, buyers, and sellers? When AI services and custom...

Overview:  Rising rates and falling stocks provided the backdrop for the foreign exchange market this week. The dollar appreciated against all the G10 currencies but the Swedish krona, which is still correcting higher after the hawkish pivot by the central bank. The market looks for a later and higher peak in the Fed funds rate. This coupled with the risk-off sentiment helped the dollar extend its recovery after falling since last September-October. The yen's...

When Congresswoman Marjorie Taylor Greene called (again) for "national divorce" this week, a common retort among her detractors on Twitter was to claim that so-called red states are heavily dependent on so-called blue states to pay for pretty much everything. Reporter Molly Knight claimed, for example, that "Red states get their money for roads and cops and schools from blue states. You cut off that gravy train and you e [sic] got a third world country."...

Judge Andrew Napolitano looks at the history of government and race relations in our nation's history. It's not a pleasant or uplifting story. Original Article: "The Forgotten Lessons of Government-Enforced Race Relations" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content] Tags:...

In a past Mises Wire article, I’ve written about how Saint Thomas Aquinas’s definition of hope correlates incredibly well with what Carl Menger would describe in his definition a good six centuries later. This trend of religious figures like Aquinas and his later followers, the late Spanish scholastics, discovering economic truths despite studying theology, not economics, can be found often throughout the course of history. Tom Woods has explained this by stating:...

On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop discuss this week's Twitter and media campaign by Congresswoman Marjorie Taylor Greene promoting the idea of national divorce. Ryan and Tho read through some of the tweets that the Representative from Georgia made about the practical advantages of a soft secession, as well as comments made by "Very Serious People" deeply offended at the suggestion. Is Marjorie Taylor Greene guilty of unforgivable high...

While artificial intelligence has its merits, it still cannot perform the job of the Misesian entrepreneur. That is a good thing. Original Article: "Will AI Learn to Become a Better Entrepreneur than You?" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content] Tags: Featured,newsletter

I’ve written countless articles on the topic of central planning and its failures, practical, economic, political and moral. In some cases, the arrogance of the central planners results in real devastation, often in actual loss of life and property, and the price for their mistakes is paid by not just the people they directly hurt but even by the generations to come.  In other cases, their blind ego and their unshakable belief that they can do no wrong,...

Whether well-intentioned or otherwise, a “Made in China” ban for construction materials on federally funded infrastructure projects will benefit a chosen political class to the detriment of all else. “This rival, which is none other than the sun, is waging war on us so mercilessly . . . We ask you to be so good as to pass a law requiring the closing of all windows, dormers, skylights.” Frédéric Bastiat’s scathing satire of the absurdity of protectionist policies,...

Overview:  The prospect that the Federal Reserve tightening cycle continues into early Q3 is underpinning the greenback today against most of the G10 currencies. The dollar bloc is the notable exception, and they are posting minor gains, perhaps encouraged by the firmer equity markets. The minutes of this month’s FOMC meeting appear to show wide support for quarter point hikes going forward and there did not seem to be much discussion of the conditions that would...