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[Chapter 2 of Per Bylund’s new book How to Think about the Economy: A Primer.] Like other sciences and fields of study, economics is a body of theory. Theory is a collection of explanations that allows us to understand something. Economic theory allows us to understand how an economy works. It explains the workings of the economy as a whole so that we can understand the meaning, impact, origins, and evolution of economic phenomena. For theory to be reliable and...

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Voters in Switzerland’s biggest canton have overwhelmingly approved a new article to promote a cleaner and more efficient use of resources. Just under 90% of Zurich citizens on Sunday said yes to the idea, which the cantonal government proposed as an alternative to an initiative by the young Green Party. All political parties were in favour of the idea. The canton’s constitution will therefore be adapted to include an article calling on authorities to create...

Comments from the SNB policymaker Declines to comment on further interest rate moves We see a weakening in the Swiss economy but no recession Acting now to make sure inflation doesn’t become entrenched Recent rise in franc helped dampen inflation The SNB is expected to rise 50 or 75 bps at the next meeting.   [embedded content]...

Overview: Sterling’s pounding continued in Asia where it was driven to $1.0350, a new record low before stabilizing. UK rates also continued to rise sharply after the new government promised more tax cuts next year. The right-wing victory in Italy was not surprising but it kept pressure on Italian bonds. China took more action to slow the yuan’s descent The dollar is broadly higher. All the G10 currencies and most emerging market currencies are lower. Risk appetites...

Precious metals analyst and expert Claudio Grass returns to SGT Report to discuss the World Economic Forum and the New World Order. Click on the below link – the content is too much for YouTube and therefore we have to protect on rumble to avoid the “spin-doctors” from the “Ministry of Truth”. Enjoy and stay free Claudio Grass, Hünenberg See, Switzerland https://rumble.com/v1i6fwx-humanity-rising-destroying-the-nwo-with-truth-claudio-grass.html...

© Evgeniy Lapshin | Dreamstime.com On 20 September 2022, government forecasters announced downgraded expectations for GDP growth in Switzerland. A group of experts focused on predicting business cycles downgraded expected GDP growth to 2.0% in 2022 and to 1.1% in 2023. After a positive first half of the year the Swiss economy now faces a deteriorating outlook, said the group. A tense energy situation and sharp price increases are weighing on economic prospects across...

Voters have thrown out a decision by parliament to scrap withholding tax on interest from Swiss bonds. Final results show 52% of voters coming out against the reform, which was aimed at boosting investment in Switzerland as well as strengthening the country’s competitiveness and its finance industry. Cédric Wermuth, co-president of the left-wing Social Democratic Party which helped force the referendum, said voters had understood that the plan by the government and...

The immigration debate has polarized societies across the Western world. Objectors assert that the influx of migrants has corroded social relations, and defenders argue that immigrants release a dose of entrepreneurial dynamism. Debates will persist because it’s unlikely that people can be discouraged from migrating to rich countries in the West. Migrants will continuously flock to places like America and Canada, since they provide better opportunities. Besides...

Increasing prices may put pressure on employers and delay workers from retiring Inflation is the increase in the general price of goods and services, which can decrease the purchasing power of American workers. So how does this recent upward trend affect your workplace benefits, employees and retirement plan? Salaries, Flexibility and Savings When inflation goes up, the same paycheck doesn’t stretch as far. With the increased costs of food & beverage,...