Tag Archives: Featured

Another Pentagon audit, another massive failure. But the Pentagon's problems are not just simple accounting. They reflect the reality of an unaccountable rogue empire that tries to prop up the US empire. Original Article: What Can We Learn from the Latest Pentagon Audit? Both Plenty and Not Much [embedded content] Tags:...

The “One-China” policy assumes Taiwan to be a runaway province. The people of Taiwan, however, see their country as sovereign, and their reasons have merit. Original Article: Is Taiwan a De Facto Sovereign Nation or a Province of the PRC? [embedded content] Tags: Featured,newsletter

Some economists believe that the balance of payments is what determines currency exchange rates. In fact, exchange rates are always about the purchasing power of some currencies relative to others. Original Article: Does the Balance of Payments Determine Exchange Rates? [embedded content] Tags: Featured,newsletter

Javier Milei is trying to undo the damage created by nearly a century of socialism in Argentina. Mises, Rothbard, and Hayek were good teachers. Original Article: Javier Milei Understands the Road to Serfdom [embedded content] Tags: Featured,newsletter

Seizure fever is toxifying law enforcement across the nation. For more than thirty years, federal, state, and local government agencies have plundered citizens on practically any harebrained accusation or pretext. You could be at risk of being pilfered by officialdom anytime you sit behind a steering wheel. Between 2001 and 2014, lawmen seized more than $2.5 billion in cash from sixty thousand travelers on the nation’s highways—with no criminal charges in most cases,...

[A selection from Left and Right: A Journal of Libertarian Thought, Spring-Autumn 1967.] The chronic Middle East crisis goes back – as do many crises – to World War I. The British, in return for mobilizing the Arab peoples against their oppressors of imperial Turkey, promised the Arabs their independence when the war was over. But, at the same time, the British government, with characteristic double-dealing, was promising Arab Palestine as a “National Home” for...

Overview: The dollar is beginning the new week mixed. The dollar-bloc currencies and Japanese yen are softer while the European currencies enjoy a firmer today. Among emerging market currencies, central European currencies are trading with higher. The Turkish lira is the notable exception. It is the weakest currency today, off about 0.65%. The Chinese yuan is a little softer, but the dollar continues to be capped near CNY7.20. Last week, more often than not, the...

Die Sichtguthaben bei der SNB steigen gegenüber der Vorwoche um 3,4 Milliarden Franken. Die Einlagen von Bund und Banken lagen am 23. Februar bei 480,5 Milliarden Franken nach 477,1 Milliarden in der Woche davor, wie die SNB am Montag mitteilte. Das ist ein Anstieg um 3,4 Milliarden Franken. Auf die Giroguthaben inländischer Banken entfielen Ende letzter Woche 471,4 Milliarden Franken. Das Total der Sichtguthaben bei der Nationalbank umfasst als grössten Posten die...

Married couples in Switzerland are taxed together, unlike unmarried couples who are taxed individually. This often acts as a tax disincentive for one spouse to work, disproportionately affecting women. For many years, certain political parties have been pushing to remove what is essentially discrimination on the basis of marital status. The issue came back into the limelight this week in the run up to a 27 March 2024 deadline for the government to respond to an...

Argentina’s Javier Milei is racking up some solid wins, with the fiscal basket case seeing its first monthly budget surplus in 12 years. Apparently, it took Milei just nine and a half weeks to balance a budget that was projected at 5% of GDP under the previous government. In US terms, he turned a 1.2 trillion-dollar annual deficit into a 400 billion surplus. In 9 and a half weeks. How did he do it? Easy: he cut a host of central government agency budgets by 50% while...