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Overview:  The markets are calmer after yesterday's post-US election drama. A consolidative tone has emerged in the foreign exchange market, and the dollar is softer against all the G10 currencies, led the 1% gain in the Norwegian krone, after the central bank left rates on hold. Sweden's Riksbank delivered the expected half-point cut and the krona is up 0.5%. Japanese officials warned against excessive moves, and the PBOC set the dollar's reference rate almost 1%...

It is not often admitted, but it is nevertheless the case, that the people can be never successfully represented politically. However, public opinion influences politics, at times even strongly. In all political systems, the ruling minority must take into account, to varying degrees, the public mood as expressed in town halls, polls, elections, demonstrations, and now, social media.The most stable and popular government is, therefore, not necessarily the most...

Donald Trump is the projected winner of the 2024 presidential election. After winning back states he had lost in 2020, Trump performed well in Wisconsin, Michigan, and Pennsylvania—states Kamala Harris needed to win. Trump has won more than enough electoral votes to win back the White House and, as of early Wednesday morning, is projected to win the popular vote. Republicans have also retaken control of the Senate. Control over the House of Representatives is still...

Trump supporters celebrate victory in the US Afp Or Licensors Listen to the article Listening the article Toggle language selector...

Both presidential campaigns are making outlandish promises in the waning hours before election day. Kamala Harris claims she will stop corporate price gouging with government force. The legislative mechanics of how she would do this are unknown. Prices distribute goods. A high price is a signal that more of that particular good should be produced. Increases in the level of all prices is caused by inflation of the money supply. Price inflation indicates a drop in the...

Overview: Shortly after the North American markets closed, before any results were known, the market jumped back into the "Trump trade," which it had pared on Tuesday. The dollar and US interest rates soared. The euro is the hardest hit among the G10 currencies today, off about 1.6% and the Canadian dollar, the best performer with about a 0.5% loss. Emerging market currencies have also been sold. The worst performer is the Mexican peso, which is off about 2.7%,...

States do not have rights. States, after all, are just organizations with a monopoly on the means of coercion within a certain territory. They are not natural, and certainly do not enjoy any natural rights. At their best, states can be used to protect the rights of the people who live within their borders. States are usually not at their best, however. Usually, state powers are employed to violate the rights of the people unfortunate enough to live under the power of...

Within the social order, characterized by the division of labor and private ownership of the means of production, there exists instances of human action—purposeful behavior—whose origins consist in the motive and choice to attain one’s ends. In entrepreneurial endeavors this entails outperforming fellow participants in serving consumers. Acting man in his entrepreneurial capacity, striving to expand the boundaries of attractive opportunities available to consumers in...

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order....

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order....