SNB & CHF

Econometric models are constructed with the idea that they can be substituted for authentic human action. Not surprisingly, they fail badly. Original Article: Can Econometric Models Provide a Laboratory Setting for Economic Analysis? [embedded content] Tags: Featured,newsletter

Capitalism, defined as a form of social organization in which there are means of production such as private property and wage labor, is not the moral principle upon which liberalism is based. The reason for this is that there are nonliberal scenarios that capitalism, as a moral principle, allows for—for example: slavery, sexism, racism, and various forms of violence. However, semantic compatibility does not imply a causal relationship between such variables. In this...

As with the Republican party and the conservative movement in the United States, conservatism in the United Kingdom does not constitute a coherent ideological movement. It is, rather, a coalition of ideological groups and interest groups. Some of these are fairly libertarian in nature, as with the Thatcherites. On the other hand, conservative parties and activist groups also contain traditionalist conservatives and nationalists, neither of which are primarily or...

A bedrock of Austrian economic thinking is the notion of causality. A libertarian worldview also requires the understanding of causality. Original Article: Libertarianism and the Importance of Understanding Causality [embedded content] Tags: Featured,newsletter

Many people believe that a general increase in stock prices is an important factor in economic growth. However, this is a questionable observation. The view that the stock market drives economic growth originates from the observation that changes in stock prices precede changes in economic data. We suggest that various economic indicators are heavily influenced by money supply, which also drives stock prices. The price of something is the amount of money asked for...

End of November Societe Generale issued its first digital green bond as a Security Token directly registered by SG-FORGE on the Ethereum public blockchain with increased transparency and traceability on ESG data.  Security tokens have been fully subscribed AXA Investment Managers and Generali Investments, through a private placement. This transaction is the first digital green bond issued by Societe Generale to leverage blockchain’s differentiating functionalities....

The Swiss city of Lugano announced that it has broadened its payment options by including cryptocurrencies for the payment of tax invoices and all other community fees. Lugano will accept Bitcoin (BTC) and Tether (USDT) as a means of payment through a simple and fully automated process. The new payment option introduced by the City of Lugano marks a modern shift in how people handle city-related expenses. Citizens and companies alike may now use Bitcoin (BTC) and...

Not only is Washington in political turmoil, but the policies emanating from the Beltway are more incoherent than ever. Original Article: Preserving the Statist Quo: Creating a Generation of Welfare-ing, Libertine Narcissists [embedded content] Tags: Featured,newsletter

Why is Israel a primary benefactor of United States foreign aid? Is Israel a proxy for US imperialism in the Middle East? Does American aid to Israel benefit constituencies other than the defense industry? The ongoing feud between Israel and Palestine has raised these questions to the forefront of public debate. Israel is the leading recipient of American foreign aid, despite its wealth. In 2022, The Economist ranked Israel as the fourth most successful economy in...

Since the original sugar tariff of 1789, US government policy has been to subsidize sugar, a policy that has led to serious consequences, including a health crisis of obesity. Original Article: America the Obese: How Taxpayers Are Forced to Ruin Their Health [embedded content] Tags: Featured,newsletter