The videos coming out of western North Carolina, of entire towns wiped off the map by flood waters of Hurricane Helene, are both tragic and shocking. Lesser, but serious, impacts have been felt across the entire region. The residents of much of southern Appalachia, Georgia, Florida, and the Carolinas are facing temporary shortages in terms of access to clear water, power, and fuel. For some social-media bomb throwers, however, the floods are an excellent opportunity...
Read More »Warren Buffett, Dave Ramsey, and John Maynard Keynes are Wrong!
Hello and welcome to another episode of the Minor Issues podcast. I’m Mark Thornton at the Mises Institute.We have kicked off the Fall Campaign at the Mises Institute. I humbly request that you make a small donation in the name of this podcast using the link in the show notes. It would mean a great deal to me. For every $100 or more donation, or recurring donation of $5 or more, using this link, I will send you a signed copy of my Skyscraper Curse...
Read More »National Socialism Was Socialist
These days, supporters of President Trump and others on the right are often smeared as “fascists,” and what is meant by this is that they support the Nazis. For example, the historian Ruth Ben-Ghiat says: “To get people to lose their aversion to violence, savvy authoritarians also dehumanize their enemies. That’s what Trump is doing. Hitler used this ploy from the very start, calling Jews the ‘black parasites of the nation’ in a 1920 speech. By the time Hitler got...
Read More »USD/CHF Price Prediction: Rising up within range-bound consolidation
USD/CHF is rising within a range-bound market. It has encountered resistance at a cluster of MAs but will probably continue higher. USD/CHF is rising up within its sideways range. It has reached a cluster of major Moving Averages which are providing firm resistance. USD/CHF 4-hour Chart The trend is neither up nor down but rather sideways and so the oscillating character of the market is likely to extend, given the principle that “the...
Read More »Fed’s Rate Cut Helps Candidate Harris but Will Hurt President Harris (or Trump)
Many investors, businesses, and consumers cheered the Federal Reserve’s first interest rate cut since March of 2020. The Fed’s 50 basis points interest rate reduction was larger than many Fed watchers anticipated and was followed by suggestions that there are more rate cuts on the way.A drop in borrowing costs following the Fed’s rate reduction can help make people more optimistic about the general economy and their own financial situation. The uptick in consumer...
Read More »Understanding the Action Axiom: How It Shapes the Structure of Society
Human society is a complex and ever-evolving web of relationships, institutions, and behaviors. At the heart of this complexity lies a fundamental question: Why do people do what they do? What drives human action, and how does it shape the societies we live in? Ludwig von Mises, a prominent Austrian economist, offered a compelling answer through what he called the “action axiom.”What Is the Action Axiom?At its core, the action axiom is a simple yet profound idea:...
Read More »SNB not yet ready to weaken the CHF – Commerzbank
The figures published yesterday morning on the Swiss National Bank's (SNB) foreign exchange market operations in the second quarter confirmed what the statements made at the last press conference had already indicated, Commerzbank’s FX analyst Michael Pfister notes. SNB reluctant to take action against the strong franc “For the time being, the SNB appears to be continuing to rely mainly on the key interest rate as its preferred instrument, with...
Read More »Powell’s Lack of Urgency Helps the Dollar Correct Higher
Overview: Japan will go to polls a little ahead of the US. And the US election still looks too close to call. Canada may be forced into snap elections if the Bloc Quebecois abandon's negotiating with the minority Liberal government as it has threatened to do at the end of the month. The UK's new Labour government is putting together its first budget to be delivered at the end of the month. Among the first tasks of the new French prime minister is submission of...
Read More »Video: Hans-Hermann Hoppe on The Real Milei
What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order....
Read More »The “Everything Market” Could Last A While Longer
We are currently in the “everything market.” It doesn’t matter what you have probably invested in; it is currently increasing in value. However, it isn’t likely for the reasons you think. A recent Marketwatch interview with the always bullish Jim Paulson got his reasoning for the rally. “It is this cocktail of ‘full support’ at the front end of a bull market which commonly has created an ‘Everything Market’ during the early part of a new bull. That is, for a...
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