SNB & CHF

In 50 years since the Watergate scandal—famously resulting in President Richard Nixon’s resignation—there has been a flood of “post-Watergate morality,” in which Congress pushed through a number of “reforms” designed to curb government abuses. The Nixon Administration exerted great effort to conceal its organization of the break-in, as Nixon and his aides authorized a plan instructing the Central Intelligence Agency (CIA) to interfere with the Federal Bureau of...

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....

As noted in this past weekend’s newsletter, following the “Yen Carry Trade” blowup just three weeks ago, the market has quickly reverted to more extreme short-term overbought conditions. Note: We wrote this article on Saturday, so all data and analysis is as of Friday’s market close. For example, three weeks ago, the growth sectors of the market were highly oversold, while the previous lagging defensive sectors were overbought. That was not surprising, as the...

Natural law is often regarded with suspicion by social scientists because they conceptualize human nature, and increasingly even the nature of animals, as a social construct. In their view there is no essential human nature by reference to which we can decide what is in the best interests of society. They argue that we must instead adopt an aspirational approach, by constructing a better and fairer world for the planet, and by discovering what is best for society...

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You would think that the growing popularity of homeschooling in the United States would be in more news headlines. Estimates from the National Home Education Research Institute (NHERI) reveal a staggering increase in the number of homeschool students since the 1970s—by a factor of 238. Of course, there was a surge in homeschooling during the Covid lockdowns, when many public schools either went completely virtual or implemented harsh measures that severely limited...

We are stuck in the middle of the road, far away from full socialism or the unhampered market.On Friday August 2, due to a disappointing jobs report, there was a large sell off on the stock market. After understanding Austrian Business Cycle Theory (ABCT) and the structural fragility the Federal Reserve creates in the production structure, my temptation upon seeing such a large swing in the market is to say, “Finally, I am vindicated! The boom-bust cycle has shown...

The war in Ukraine rages. Underwritten by US dollars, arms, intelligence, and provocation, US leaders have prolonged the war. And, in funding and arming Ukraine to the teeth, they have escalated tensions with Russia, a nation with thousands of nuclear weapons. Just this week, for the third straight month, the Russian military conducted drills to prepare for using short-range, “tactical” nuclear weapons. The risks could not be graver. Yet, as the threats of nuclear...

Overview: The US dollar is mostly firmer, though consolidating against most of the G10 currencies. The Japanese yen and Swiss franc are the strongest, while the Scandis and Antipodean currencies are the heaviest. Among emerging market currencies, a handful of Asian currencies, including the Chinese yuan are higher, but central European currencies, the South African rand, and the Mexican peso are softer.The news stream is light but the threat of the escalation of the...

Meyer Burger stops solar cell production in Colorado Keystone-SDA Listen to the article Listening the article Toggle language selector...