Tag Archives: Featured

[This article was published in in The Irrepressible Rothbard, available in the Mises Store.] Upon the collapse of centralizing totalitarian Communism in Eastern Europe and even the Soviet Union, long suppressed ethnic and nationality questions and conflicts have come rapidly to the fore. The crack-up of central control has revealed the hidden but still vibrant “deep structures” of ethnicity and nationality. To those of us who glory in ethnic diversity and yearn for...

Nothing unravels quite as dramatically as systems which are presumed to be rock-solid and forever. Here’s the default Bullish case for stocks and the economy: let’s call it Plan Zero. 1. The economy and equities can grow forever (a.k.a. infinite growth on a finite planet in a waste-is-growth Landfill Economy) 2. Higher energy costs have near-zero effect on the economy and stocks. 3. The Federal Reserve will deliver a soft landing which reduces inflation back to...

Coincub ist ein Exchange Aggreagator für digitale Assets. Laut Recherche des Unternehmens ist Deutschland das freundlichste Land für die Crypto-Community weltweit. Damit hat Deutschland im ersten Quartal des neuen Jahres Singapur als Nummer 1 abgelöst. Crypto News: Coincub bezeichnet Deutschland als Crypto-freundlichstes Land der WeltInsgesamt wurden 46 Länder auf ihre Crypto-Freundlichkeit hin untersucht. Die dabei durchleuchteten Parameter umfassen ICOs in der...

Peace marchers head towards the centre of Bern on Monday © Keystone/peter Schneider The traditional Easter march has taken place in the Swiss capital, Bern. This year the “Walk for Peace” focused on issues including the climate and Russia’s invasion of Ukraine. Up to 1,000 people, waving rainbow-coloured peace flags, gathered by the River Aare on Monday. They walked along the river, within sight of the Ukrainian embassy at Helvetiaplatz, into the city and ended in...

Over the last two years, we’ve all witnessed state abuses of power and extreme overreaches the likes of which many average citizens had never imagined they’d see in their own lifetimes. This caused a great part of the body politic in many Western nations to revisit their previously held beliefs about what is and isn’t possible for their governments to do and to question whether there really is such a thing as going “too far” or whether anyone in the...

Trust the Fed. Ha! It’s one thing for money dealers to look upon Jay Powell’s stash of bank reserves with remarkable disdain, more immediately damning when effects of the same liquidity premiums in the real economy create serious frictions leaving the entire world exposed to the consequences. When all is said and done, the Federal Reserve has created its own doom-loop from which it won’t likely escape. The 2022 FOMC has made itself plain, incredibly hawkish to an...

Switzerland’s finance industry: a little less important than a decade ago, but still a big plank of the economy. Keystone / Gian Ehrenzeller The contribution of Switzerland’s finance industry to the country’s gross domestic product (GDP) has decreased over the past ten years. The share of GDP accounted for by financial and insurance services was 9% last year, down from 10% in 2011, the State Secretariat for International Finance (SIF)External link said in a report...

In a recent episode of “The Problem With Jon Stewart,” the former Daily Show host asks former president of the Kansas City Fed Thomas Hoenig why the Fed couldn’t have bailed out homeowners, or just “quantitative ease” away the Treasury’s debt. Hoenig gives muddy answers, so Bob tries to clarify. Mentioned in the Episode and Other Links of Interest: Jon Stewart’s full interview with Thomas Hoenig Jon Stewart skewers Paul Krugman Jon Stewart interviews Kelton and...

Overview: The record-long yen slide has stalled just shy of JPY129.50, even though the Bank of Japan defended its Yield-Curve Control cap on the 10-year bond and will continue to do so for the next four sessions. The greenback fell to almost JPY128 before steadying. China again defied expectations for lower rates (loan prime rate), the yuan’s sell-off accelerated and slide to its lowest level since last October. Chinese and Hong Kong shares fell, but most of the...

Let’s have a thought experiment.  Suppose that North Korean leader Kim Jong-un and Cuban president Miguel Mario Díaz-Canel Bermúdez issued a joint announcement stating that North Korea had accepted an invitation to install some of its nuclear missiles in Cuba. The announcement made it clear that although the missiles could reach any American city, they would be entirely for the defense of Cuba, not for the purpose of attacking the United States.  There is no...