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....
Read More »UBS lowers growth forecasts for Swiss economy in 2025
UBS believes that the main risks lie with the eurozone, Switzerland's most important foreign trade partner. Keystone-SDA Listen to the article Listening the article Toggle...
Read More »The Keynesian Multiplier Fairy Tale
Many incorrectly assume that the overall economy’s output increases by a multiple of the increase in expenditure by government, consumers, and businesses. For instance, if out of an additional dollar received individuals spend $0.90 and save $0.10, then if consumers spending were to increase by $100 million, it is held that the overall output in the economy is going to increase by the tenfold of the increase in consumers’ expenditure (i.e. by $1 billion). The...
Read More »US Rates Extend Gains to Fray 4 percent
Overview: The stronger than expected US jobs report triggered a 20 bp jump in the US two-year yield and sent the greenback broadly higher. The market slashed the probability that the Fed would cut by 75 bp in Q4. There are now slightly less than 50 bp discounted in the Fed funds futures strip. US rates have continued to back up today, and both the two- and 10-year yields traded above 4% today. The greenback is mostly firmer, though the yen, Swiss franc, and...
Read More »Can the Federal Reserve Buy Gold? Should It?
Since the sixth century BC reign of Croesus of Lydia, refined gold has served as a monetary store of value. Today, many central banks, including the European Central Bank, the Swiss National Bank, the German Bundesbank, the Bank of France, the Bank of Italy, the Dutch National Bank, the Bank of Japan, the Reserve Bank of India, the People’s Bank of China, and the Monetary Authority of Singapore among others, hold gold as an investment and reserve against their...
Read More »Kunden- oder politikorientierte Unternehmen. Wer schafft mehr Wert?
Kunden- oder politikorientierte Unternehmen. Wer schafft mehr Wert? 7. Oktober 2024 – von Rainer Fassnacht Kurz vor den Landtagswahlen in Sachsen und Thüringen schaltete ein genossenschaftlich organisierter Einzelhandel-Unternehmensverbund in zwei überregionalen Zeitungen großformatige Anzeigen, um von der Wahl einer der kandidierenden Parteien abzuraten. Im Folgenden soll es um die ökonomische Frage gehen, ob solche politikorientierten Unternehmen...
Read More »The Fed Rate Cut Isn’t the Housing Market’s Dream After All
The rate cut by the Fed in September 2024 appears to be not much more than another performative song and dance. With many people, particularly in the real estate world, holding on to the idea that the rate cuts will stimulate buyers, the reality is not much will change, except for the worse.One can call the rate cut nothing more than a mere utterance from the Fed because it gives a message of assurance to the market and the public that it is doing something to...
Read More »Economic Calculation and the Entrepreneur
While most mainstream economists focus on the analysis of equilibria, Austrian economists examine the phenomena that are crucial in real-world markets operating in disequilibrium. Two of the most central aspects are economic calculation and entrepreneurship. In this regard, the Austrian school of economics offers profound insights into both the dynamics and the stability of capitalist societies.One of Ludwig von Mises’s most significant contributions was his...
Read More »Save-the-Dates
Bis Ende Jahr haben wir noch 3 LP-Anlässe in Zürich: Details findet ihr im Libertären Kalender auf unserer Homepage. Dort sieht man auch viele weitere freiheitliche Anlässe in der Schweiz. Wir freuen uns auf Deinen Besuch. Alles Gute und man sieht sich!
Read More »Online-Seminar: Verständnis des Werts von Krypto-Assets in Portfolios
Das Umfeld für Investitionen in Krypto-Assets hat sich dramatisch verändert. Mit der Einführung von ETFs und ETPs ist es nun möglich, regulierten Zugang zu dieser aufstrebenden Anlageklasse in einer vertrauten Struktur zu erhalten. Wie man eine breite Exposition gegenüber Krypto-Assets und deren Anwendungen erreichen kann sowie Antworten auf... [embedded content]...
Read More »