Overview: Activity throughout the capital markets remains light as most financial centers in Europe are closed for the Easter celebration. Hong Kong, Australia, New Zealand, and Indian markets were closed as well. Still, most of the equity markets in Asia Pacific advanced, led by South Korea's Kospi's nearly 1.3% advance. The market responded favorably to news that Samsung would cut its production of memory chips and shrugged off its smaller than expected profits....
Read More »Credit Suisse Collapsed Because of Government Intervention, Not Despite It
The standard narrative around current bank failures is that they occur because of a lack of regulation. Credit Suisse was heavily-regulated; that was the problem. Original Article: "Credit Suisse Collapsed Because of Government Intervention, Not Despite It" This Audio Mises Wire is generously sponsored by Christopher Condon. [embedded content]...
Read More »Biden’s Wealth Tax Is a Trojan Horse Requiring Multiple Manipulations
While no one expects politicians to be honest, one of the biggest lies that comes from President Joe Biden, members of his party, and those who echo their messages is that “the rich pay less taxes than you.” This crafted statement is designed to stir up emotions at the expense of facts in order to drive popular opinion to support a wealth tax despite its unconstitutionality and lack of support when first proposed in 2020 by Elizabeth Warren, who was decisively...
Read More »Why the Dollar Still Beats the Euro and the Yuan
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...
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