Tag Archives: 6b) Austrian Economics

Navigating the intricate landscape of banking law requires a blend of acute legal acumen, steadfast dedication, and the ability to foresee the evolving regulatory environment. Johanna Shallenberger, a distinguished attorney specializing in banking law, exemplifies these qualities with her extensive expertise and unwavering commitment to her clients. In this article, we delve into Shallenberger's illustrious career, exploring her significant contributions to the...

**Navigating the Commodities Landscape: Top Investment Picks for 2024**As the global economy continues to evolve in the face of technological advancements, shifting geopolitical landscapes, and environmental challenges, investors are seeking new avenues to diversify and strengthen their portfolios. Among the myriad of options available, commodities have consistently emerged as a resilient and promising asset class. From precious metals to energy resources and...

In the rapidly evolving landscape of financial technology, the term "live online banking" is becoming increasingly prevalent. As consumers demand more convenience and instant access to their financial information, banks and financial institutions are stepping up to offer real-time banking solutions. This article delves into the concept of live online banking, exploring its features, benefits, and potential challenges. We will examine how this innovative approach is...

In the world of crossword puzzles, where cryptic hints and clever wordplay reign supreme, few things bring as much satisfaction as filling in that elusive final square. One common challenge that has stumped both novice and seasoned solvers alike is the clue "big name in banking." While seemingly straightforward, this clue can reference a variety of prominent financial institutions or influential figures within the banking sector, making it a perennial enigma for...

Title: “The Ripple Effect: How Monetary Policy Influences Aggregate Supply” Introduction: In the intricate dance of economics, the relationship between monetary policy and aggregate supply often remains a nuanced and complex topic. While much attention is typically given to the immediate impacts of monetary policy on aggregate demand—such as changes in interest rates and their effect on consumer spending and investment—the potential repercussions on aggregate...

John Rubino and Patrick Highsmith of Firefox Gold return as guests on this week’s program. The Swiss National Bank (SNB) loaded up on some of the largest cap stocks in the world like MSFT, GOOG, AMZN, TSLA, XOM and many more in order to weaken the Swiss francs vis-a-vis the Euro and the Dollar.  But these purchases have now resulted in a 132 billion Swiss francs loss in 2022, the biggest annual loss in the SNB’s history. The total amount of “Foreign currency...

With all due respect to Niall Ferguson, whom I’ve heard of, and Huw van Steenis, whom I’ve not, this tweet is quite preposterous.  I’ve personally met more than five people who understand money just in my own circles. What they mean is “monetary policy,” which is in fact very difficult to understand—given it effectively operates as a political program within the muddled field of macroeconomics. Monetary policy, unlike money per se, is ad hoc, highly technical,...

The liberal international order was a screen and a sham. But this does not mean that liberalism is lost. The following longform piece was an essay submitted in May 2022 to the Mont Pelerin Society for the Hayek Essay Contest on the topic of international order. Although rejected, the subject is important and of interest for our readers. An international authority which effectively limits the powers of the state over the individual will be one of the best safeguards...

Overpaying for something that could be found in a different store (or online), under the right circumstances, makes both parties happier. After looking around a bit, I asked the cashier at a nearby convenience store if he had any nine-volt batteries because I didn’t see any on the shelf. To my good fortune, he did. I asked for two of them and pulled a $5 bill out of my wallet as he rang them up. “$12,” he said. I gasped a little, put the $5 away, and reached for my...

Now here’s the headline! Swiss National Bank loses nearly $143 billion in first nine months Reuters reported the Q3 result last week, in which Switzerland’s publicly traded central bank (SNB) suffered its largest loss in its 115-year history. The news release reads beyond belief, not because of the unprecedented amount of value that was lost, but just how nonchalantly this legal counterfeiting ring is being downplayed. The loss … was slightly more than the annual...