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Tag Archives: Featured

Wisconsin Formally Ends Sales Taxes on Gold and Silver

Responding to an overwhelming groundswell of grassroots pressure, Gov. Tony Evers today signed a bill into law that secures Wisconsin’s place as the 44th state in America to end sales taxes on the purchase of precious metals.Assembly Bill 29 and Senate Bill 33, carried by Rep. Sortwell and Sen. Stroebel, respectively, enjoyed strong bipartisan support in both chambers of the Wisconsin legislature before it landed on Gov. Evers’ desk.Backed by the Sound Money Defense...

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Caught in the Crossfire: The Dilemmas of India’s Right-Wing Movement

Since the inception of the NDA Government in 2014, India's right-wing has consistently performed well across all sectors of society. Both print and electronic media have been significantly influenced by this ideology. The bureaucracy and academia have, to some extent, either shifted their political leanings or have begun to accept ideologies they previously rejected. This trend is not confined to India alone; it has also been observed in Europe and the Americas....

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The False Consensus on Egalitarianism

The boundaries of contemporary public debate are artificially constrained by egalitarian values. Both progressive liberals and classical liberals are opposed to the more-outlandish versions of wokery, but many consider egalitarianism to be a good idea in principle as long as it is not taken “too far” by communist ideologues. The ongoing purge of diversity, equity, and inclusion (DEI) schemes at universities in Republican states has closed offices and fired staff to...

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Utah Formally Empowers State Treasurer to Protect State Funds with Gold and Silver

Utah Governor Spencer Cox has signed legislation explicitly empowering the state treasurer to protect state funds with an allocation to physical gold and silver.Sponsored by Rep. Ken Ivory, House Bill 348 permits – but does not require – the Treasurer to hold up to 10 percent of certain state reserve accounts in physical gold and silver to help secure state assets against the risks of inflation and financial turmoil and/or to achieve capital gains as measured in...

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China PMI is Better than Expected but the Greenback Still Rises above CNY7.23

Overview: The dollar is trading quietly against the G10 currencies as European markets remain on holiday. Narrow ranges have prevailed. The dollar-bloc currencies are leading with minor gains, perhaps helped on the margins by better-than-expected Chinese PMI, but the Scandis, which also typically do well amid a better global growth profile are the laggards. This may speak to the light liquidity conditions. Japan may have missed a tactical opportunity to intervene to...

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Population

Tu ne cede malis, sed contra audentior ito Website powered by Mises Institute donors Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436 [embedded content] Tags: Featured,newsletter

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April 2024 Monthly

The macroeconomic and geopolitical developments have not changed substantially over the past month. The resilience of the US economy allows the Federal Reserve to put more emphasis on achieving price stability. While the market favors a June cut (66% vs. 80% at the end of February), it has not been fully discounted for over a month. The biggest event in March may have been the well-telegraphed exit from negative interest rate policy and Yield Curve Control by the...

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It’s Economic Logic: Increasing the Minimum Wage Creates More Unemployment

Some economists believe that the increase in the minimum wage will boost unemployment, while other economists think otherwise. Hence, they believe that raising the minimum wage would raise the living standards of workers.For example, in a study conducted in the 1990s, economists David Card and Alan Krueger examined a minimum-wage rise in New Jersey by comparing fast-food restaurants there and in an adjacent part of Pennsylvania, finding no impact on employment. Other...

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The Fraud Inherent in Fractional Reserve Banking

Suppose you bring a fur coat to a dry cleaner and later discover that the owner allowed his wife to wear it before cleaning it (an episode from Seinfeld). Or suppose you gave your car keys to a hotel valet and was told he lent your car to teenagers who took it for a joyride while you were sleeping at the hotel. You would not be too happy and for good reason. When you surrendered your clothes or your car keys, it was a bailment. You retained ownership and gave the...

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