As evidenced by a number of recent policy changes in China, Russia, Saudi Arabia, and Brazil, the status of the US dollar as the world’s reserve currency is under coordinated attack. Efforts to dethrone the dollar, however, will require time and luck in favor of antidollar forces. For now, however, the US dollar is the most preferred currency for foreign reserves and for settling international transactions. The fact that the dollar is the most popular currency right...
Read More »Understanding the Difference between Praxeology and Psychology
Some economists have tried to apply psychology to economic analysis, but psychology is not what drives economic activity. Original Article: "Understanding the Difference between Praxeology and Psychology" This Audio Mises Wire is generously sponsored by Christopher Condon. [embedded content] Tags: Featured,newsletter
Read More »NEIN zum Covid-Gesetz
Das Referendum gegen die Verlängerung des Covid-Gesetzes ist zustande gekommen – herzlichen Dank an alle Spender und Unterschriftensammler! Wir haben nun 2 Monate Zeit für die Abstimmungskampagne um am 18. Juni 2023 eine Mehrheit für ein NEIN hinzubekommen. Das Sujet steht. Es geht nun noch um Abstimmungsflyer und Plakate. Damit einher ergeht abermals die Bitte mit Spenden unseren Abstimmungskampf zu unterstützen: Luzerner Kantonalbank AGPilatusstrasse 12, 6003...
Read More »Marxists Have a Plan for Housing: Make Sure There Is Less Available
“Stay in your lane” is a frequently heard refrain nowadays, normally a piece of advice directed at those who, by virtue of some aspect of their identifying characteristics or profession or beliefs, express views which are deemed unwelcome. “Stay in your lane” is not often fair and appropriate advice to be given in debate. I submit, however, that “Stay in your lane” is usually fair and appropriate advice to give a Marxist who opines on matters which concern the moral,...
Read More »Fragile Calm Casts a Pall over the Capital Markets
Overview: There is a fragile calm in the capital markets today ahead of the long holiday weekend for many. The poor US economic data yesterday and third consecutive decline in the KBW bank index weighed on risk sentiment. Most of the large bourses in the Asia Pacific region fell, with Hong Kong and India notable exceptions. In Japan, the Topix bank index fell 1.1% after a 1.9% decline yesterday and is now lower on the week. Europe's Stoxx 600 is trying to snap a...
Read More »What the Trump Indictment Tells Us about the Regime
Ryan and Tho talk about why Trump is the only former president to be prosecuted for crimes. The ruling class has agreed to not prosecute their own, but since they see Trump as an outsider, he is fair game. In truth, we'd be better off if more presidents and former presidents faced prosecution. [embedded content] Recommended Reading "With the Trump Indictment, America Is a Step Closer to Being a Banana Republic" by Bill Anderson: Mises.org/RR_128_A "Politics...
Read More »The Top 3 European Wealthtech Trends
By 2030, affluent clients with assets of EUR 100,000 and up will have access to a highly diversified range of alternative assets comprising private debt, venture capital (VC), real assets, and more. They will benefit from highly personalized financial plans and advice, enabled by automation technology and data analytics. Additionally, advanced digital platforms and features like portfolio aggregation will provide them with a more frictionless experience. These are...
Read More »Roosevelt’s 1933 Gold Theft and Default
[April 5 is the 90th Anniversary of Franklin Roosevelt's executive order banning private ownership of gold. In this selection from Part III of America's Money Machine: The Story of the Federal Reserve, economist Elgin Groseclose shows how FDR's executive order was part of a larger effort to deliberately debase the dollar, drive up prices, nationalize gold markets, and default on gold-based bonds. All the while, he claimed the dollar "a generation hence" would "have...
Read More »Is It Real Money or Just Artifice?
Money proper is not artifice. It is a physical "thing" of value, acquired through labor and emerging out of the needs of individuals, who through voluntary exchanges determine its value. Original Article: "Is It Real Money or Just Artifice?" This Audio Mises Wire is generously sponsored by Christopher Condon. [embedded content]...
Read More »The RESTRICT Act Will Only Restrict Our Liberties
Earlier this month, Senator Mark Warner (D-VA) introduced the Restricting the Emergence of Security Threats that Risk Information and Communications Technology Act, or the RESTRICT Act. The bill is being floated as a possible means for the federal government to ban TikTok over its connection to the Chinese government. However, the RESTRICT Act’s vague language and broad scope has many voicing concerns about the bill’s threat to free speech and freedom of expression....
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