SNB & CHF

Savings are the foundation for a productive and advanced economy. Unfortunately, governments insist on policies that make it harder for ordinary people to save. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: “The Saving Problem in America: Alternatives and Reforms“. You Might Also Like What Germany Must Do for a Speedy Recovery On June...

In this roundtable discussion, David Gornoski, host of A Neighbor's Choice radio show, is joined by Mises Institute’s Jeff Deist, Keith Weiner of Monetary Metals, and James Dale Davidson, author of The Sovereign Individual. Together, they discuss the history and future of gold as an investment asset for the average Joe, general misconceptions about gold, the fiat money system, how to make gold become money. Is gold a rich man's game? Are stagnant wages connected to Nixon's abandonment...

In this roundtable discussion, David Gornoski, host of A Neighbor's Choice radio show, is joined by Mises Institute’s Jeff Deist, Keith Weiner of Monetary Metals, and James Dale Davidson, author of The Sovereign Individual. Together, they discuss the history and future of gold as an investment asset for the average Joe, general misconceptions about gold, the fiat money system, how to make gold become money. Is gold a rich man's game? Are stagnant wages connected to Nixon's abandonment of...

Swiss Franc The Euro has fallen by 0.45% to 1.0751 EUR/CHF and USD/CHF, September 21(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Global equity markets are off to a poor start to the week, and the dollar appears to be enjoying a safe-haven bid. Tokyo markets are closed until Wednesday, while Asia-Pacific stocks tumbled, and the regional index is unwinding last week’s gains. The Dow Jones Stoxx 600 is off...

© Jesada Wongsa | Dreamstime.com Compared to much of the world, confidence in the safety of vaccines is low in Switzerland, according to a recently published study. In 2015, only 30% of Swiss questioned strongly agreed that vaccines were safe, ranking it 133rd out of 149 nations in terms of confidence in vaccine safety. This compared to 89% in Argentina and 86% in both Liberia and Bangladesh. At the same time only 3% in Switzerland strongly disagreed with them being...

Those who don’t see the fragmentation, the scarcities and the battlelines being drawn will be surprised by the acceleration of the unraveling. I recently came across the idea that inflation is a two-factor optimization problem: inflation is necessary for the macro-economy (or so we’re told) and so the trick for policy makers (and their statisticians who measure the economy) is to maximize inflation in the economy but only to the point that it doesn’t snuff out...

When the eurodollar system worked, or at least appeared to, not only did the overflow of real effective (if virtual and confusing) currency “weaken” the US dollar’s exchange value, its enormous excess showed up as more and more foreign holdings of US$ assets. Mostly US Treasuries, especially in official hands, but not entirely those. That much is perfectly clear; you can actually see the difference on every chart despite all the QE’s and trillions in bank reserves...

In the New York Times on September 8, 2020, Paul Krugman wrote that The CARES Act, enacted in March, gave the unemployed an extra $600 a week in benefits. This supplement played a crucial role in limiting extreme hardship; poverty may even have gone down. For Krugman and many economic commentators, it is the duty of the government to support the economy whenever it falls into an economic slump. Following in the footsteps of John Maynard Keynes, most economists hold...

----------HOW---------- What do the latest figures tell us about the world's most important consumer? Jeff Snider reviews retail sales, industrial production and asks what is it that is missing from our post 2007-08 economy that precludes robust recovery. ----------WHY---------- US President Harry Truman prosecuted the war to its conclusion, finishing his predecessor's near-impossible task. Then, with bitter irony, History reversed his role as "anchor" for the Second World War...

© David Moreno | Dreamstime.com The banned substance chlorothalonil, which is in some pesticides, has been found to be above the limit in 60% of ground water samples taken across the canton of Zurich over the last 12 months, reported SRF. Ground water is different to drinking water. Only 20% of drinking water samples taken across the canton had chlorothalonil concentrations above the legal limit, according to the study. However, Natalie Rickli, Zurich health...