read aloud pause X The European bison, a species that differs slightly from its north American cousin, died out in Europe. Now it is to be reintroduced in Switzerland. Can a densely populated country tolerate such a large wild animal? Christian Raaflaub Radio, TV and online journalist. More from this author | German Department Share Facebook Twitter E-mail Print Copy link Otto Holzgang, a biologist, stretches one arm out and...
Read More »October’s Sobering Jobs Report Adds to Mounting Bad Economic News
The Bureau of Labor Statistic (BLS) released new jobs data on Friday. According to the report, seasonally adjusted total nonfarm jobs rose 150,000 jobs in October, month over month. The unemployment rate rose slightly from 3.8 percent to 3.9 percent over the same period. The headline payroll increase of 150,000, however, was possibly among the best news to be found in today's new jobs data, however. Once we delve more deeply into the numbers, we find substantial...
Read More »Price cuts on 350 medicines in Switzerland
With the ever rising cost of of Swiss healthcare, the government has been hunting for savings. This week it announced that it has ordered price cuts on 350 medicines from 1 December 2023, reported RTS. © Francisco Javier Zea Lara | Dreamstime.comOn average the drugs on the list will cost 10% less and deliver an overall expected saving of CHF 120 million a year. This comes out at around CHF 14 per resident, not a particularly significant sum when set against an...
Read More »Macro: Employment Report
Wall street cheered the fact that we added fewer jobs (150,000) than expected (179,000) in October. This was a welcome relief after the hot September number that was revised down from 336,000 to 279,000. The Goods economy actually lost 11,000 jobs. The culprit here was motor vehicles and parts which was -33,000 on the month. The Services economy gained 110,000 jobs. 77,000 were in Health Care and Social Services. 10,000 were added to perming arts and spectator...
Read More »Affective Polarization Is Making Us Dumber
Last month, Dr. Ibram X. Kendi’s Center for Antiracist Research at Boston University announced that it was laying off almost all of its staff, in spite of having received almost $55 million in funds in the last three years. Critics have jumped on Kendi’s fall to renew arguments that he’s a grifter or a “midwit,” but there’s another underappreciated aspect to Kendi’s fall. Kendi always struck me as someone who had the raw intellectual horsepower to succeed but whose...
Read More »Making Money While Making Sense of Chaos: Understanding the World of the Traders
Robert Murphy explains how traders make money in a world of uncertainty and diabolical risk. Original Article: Making Money While Making Sense of Chaos: Understanding the World of the Traders [embedded content] Tags: Featured,newsletter
Read More »The Fake China Threat
On this episode of Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Joseph Solis-Mullen of the Libertarian Institute to discuss his new book, The Fake China Threat and Its Very Real Danger. Joseph debunks some of the most prominent myths about China, provides historical context for modern tensions, and outlines the real threats the "China myth" poses to Americans. "So Much Hot Air: The (Fake) China Threat Strikes Again!" by Joseph...
Read More »Blaming the Free Market (Even Where It Doesn’t Exist)
Critics of the free market often aim at the wrong target. They assail the market for “failures” that are actually the result of government intervention in the economy. In this week’s column, I’d like to discuss an example of this mistake in Angus Deaton’s Economics in America (Princeton, 2023). Deaton was the winner of the 2015 Nobel Prize for economics, about which he says: As many previous recipients have reported, the experience is both exhilarating and...
Read More »A Nigerian Scholar Evangelizes Austrian Economics
"Econ Bro" (who wishes to remain anonymous) is a Nigerian scholar who realized the limits of his conventional economics training and then discovered the work of Murray Rothbard and other Austrians. He now seeks to help his country and the world by spreading the truth. Econ Bro's Article on The State as a Rejection of God Part 1: Mises.org/HAP420a Econ Bro's Article on The State as a Rejection of God Part 2: Mises.org/HAP420b A Nigerian Scholar...
Read More »Swiss finance minister wins 2023 obfuscation award
Every year, investigativ.ch, an association of investigative journalists, bestows an award on the public figure it deems to have exercised the lowest levels of transparency during the year. This year the award went to Karin Keller-Sutter, Switzerland’s minister of finance, for the secret decision making process surrounding the fire sale of the bank Credit Suisse to UBS, another Swiss bank. The arrangement was backstopped by the federal government, and ultimately...
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