SNB & CHF

At the 2024 Olympic Games in Paris, some of the best athletes will be wearing products made by the Swiss sportswear brand, On. 👟 The Zurich-based firm, which boasts tennis great Roger Federer as an investor, has been accused of making high profits at the expense of Vietnamese workers and Swiss customers. --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events....

A dollar-centric narrative would note that the greenback rose against most of the G10 currencies last week. Yet, the dollar, the most actively traded currency, was arguably not the prime mover in recent days. Rather, the unwinding of carry trades seems to be the driver of much of the price action. The low yielding yen and Swiss franc were the only G10 currencies to rise against the US dollar. The Australian and New Zealand dollars were the worst performers, losing...

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....

In her essay “Racism,” Ayn Rand argues that racism — which she describes as “the lowest, most crudely primitive form of collectivism” — is incompatible with capitalism and can only be defeated through capitalism. She defines capitalism as “a social system based on the recognition of individual rights, including property rights, in which all property is privately owned.” She explains that a defense of private property and laissez-faire capitalism is the only way to...

Many claim the problem with fractional reserve banking is that it loans money into existence. It does, but under normal circumstances the money created by commercial banks disappears when loans are repaid or defaulted on, which therefore doesn’t create a permanent inflation of the money supply. Government intervention, however, converts temporary money into permanent money through bailouts like the Troubled Asset Relief Program. They purchase loans that would have...

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....

Canada’s standard of living is on track for its worst decline in 40 years, according to a new study by Canada’s Fraser Institute.The study compared the three worst periods of decline in Canada in the last 40 years — the 1989 recession, the 2008 global financial crisis, and this post-pandemic era.They found that unlike the previous recessions, Canada is not recovering this time. Something broke.In fact, according to the Financial Post, since 2019, Canada’s had the...

The American Constitution is far from perfect, but one good feature is that it lacks a provision found in some European constitutions. This provision allows the president to suspend the Constitution if there is a national emergency.As the theologian David Bentley Hart observes,“I am not a devout admirer of the United States constitution, but I do find many of its essential principles admirable — chief among them, the refusal to acknowledge the legitimacy of a ‘state...

Here are three news stories from Switzerland you shouldn't have missed this week! Let us know what you think in the comments.

At the 2024 Olympic Games in Paris, some of the best athletes will be wearing products made by the Swiss sportswear brand, On. 👟 The Zurich-based firm, which boasts tennis great Roger Federer as an investor, has been accused of making high profits at the expense of Vietnamese workers and Swiss customers. --- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to provide a Swiss perspective on international events....