SNB & CHF

A notice from Steve Trost, Director Institute for the Study of Free Enterprise at Oklahoma State University:(Note that the deadline for applications is this Saturday (10/19) at 8p CDT.)Greetings Mises Fellows & Senior Fellows, and Associated Scholars!Mark Packard (Florida Atlantic Univ.) and I have been organizing a Theory Development Workshop (TDW) that will take place November 7 & 8 in Stillwater, OK.  The workshop will be led by Mark Packard, Jeff...

For decades, the US Federal Reserve has carefully cultivated and promoted the idea that it is somehow separate and independent from the US regime that created it. The ruse has certainly worked. Economists and media pundits frequently refer to this alleged Fed “independence” as if it were a given, and as if there were a wall of separation between the executive branch and the central bank. Others take it even further, and in podcasts and social media one encounters a...

USD/CHF is correcting back after peaking as it extends its uptrend.  The pair will probably resume its bullish bias after the pull back has completed.  USD/CHF is pulling back within its short-term uptrend after peaking at 0.8642 on Monday. The move is only likely to be a temporary correction, however, before the pair resumes its uptrend and extends its sequence of higher highs and higher lows.  USD/CHF 4-hour Chart  USD/CHF will probably...

Send us a text (https://www.buzzsprout.com/twilio/text_messages/915097/open_sms) The presidential elections in the United States (US) are just a couple of weeks away. What will they mean for international affairs, for Ukraine, for the Middle East, for humanitarian work, for international law and for the United Nations (UN) in Geneva? “When I was in the US, I definitely saw that there is no interest for anything called multilateralism or collaboration globally. Because it’s a...

Samuel Gregg recently gave a lecture at West Virginia University. Gregg is an engaging speaker and a good antidote to the shift of the Christian right to Christian nationalism or Catholic integralism. However, we should be skeptical of some of what he argues with respect to free trade. Gregg argues that the Constitution is a free-trade agreement between the states, which in part allowed the subsequent uptick in growth in the US. While this is partially true, the...

In the movies, greed is a trait often exhibited by the rich and powerful as a means to an end. Of particular note is the famous quote from Michael Douglas in the 1987 movie classic “Wall Street:” “The point is, ladies and gentlemen, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love,...

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A popular quote from Nicolás Gómez Dávila, “Dying societies accumulate laws like dying men accumulate remedies,” reflects the idea that a healthy and mature society should not be preoccupied with constantly creating new laws, prescribing to itself a cocktail of legislative remedies to fix its mounting problems. An over-lawyered society is a society in decay. Everything is disputed. There are sharp divisions, exacerbated by a dishonest and hypocritical façade of...

Or we can let the bubble implode under its own weight and have a plan ready to clean house when the dust settles. Thanks to recency bias, we tend to think the world has always been more or less as it is today. Tectonic shifts beneath the veneer of everyday life escape us unless we make a concerted effort to peel back the veneer of normalcy. For example, consider the rise of finance as the dominant force in our socio-economic / political status quo. Statistics...

Gold slips as China’s stimulus efforts fail to ease deflationary pressures. Minneapolis Fed President Kashkari’s comments on modest rate cuts and a strong labor market further support the Greenback. Geopolitical tensions, including Israel’s response to Hezbollah and Iran, continue to influence Bullion prices, with traders eyeing US economic data later this week. Gold price retraces after hitting a daily high of $2,666 on Monday as China’s...