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The immigration debate has polarized societies across the Western world. Objectors assert that the influx of migrants has corroded social relations, and defenders argue that immigrants release a dose of entrepreneurial dynamism. Debates will persist because it’s unlikely that people can be discouraged from migrating to rich countries in the West. Migrants will continuously flock to places like America and Canada, since they provide better opportunities. Besides...

Increasing prices may put pressure on employers and delay workers from retiring Inflation is the increase in the general price of goods and services, which can decrease the purchasing power of American workers. So how does this recent upward trend affect your workplace benefits, employees and retirement plan? Salaries, Flexibility and Savings When inflation goes up, the same paycheck doesn’t stretch as far. With the increased costs of food & beverage,...

The dollar surged last week. Sure, the push of the Fed was notable, but the larger move from Sweden’s Riksbank failed to impress. In fact, the Swedish krona was the poorest performer among the G10 currencies, tumbling 5% last week. Sterling was pummeled to $1.0860 even as the market moved to discount the likelihood of a 100 bp hike at the next Bank of England meeting on November 3. It cannot be entirely laid at the Fed’s feet. Sterling’s biggest drop (~3.5%) was...

[This article is excerpted from chapter 21 of Money, Method, and the Market Process, a collection of essays selected and edited by Margit von Mises and with an introduction by Richard M. Ebeling.] I The history of civilization is the record of a ceaseless struggle for liberty. Social cooperation under the division of labor is the ultimate and sole source of man’s success in his struggle for survival and his endeavors to improve as much as possible the material...

Die internationalen Sanktionen gegen Russland haben dem Cryptomarkt bisher nicht geholfen, vielleicht haben sie ihm sogar geschadet. Doch dies könnte sich nun ändern, da Russland diese Woche angekündigt hat, seine Crypto-Strategie zu ändern. Crypto News: Russland setzt jetzt offiziell auf BitcoinDie russische Zentralbank hat nun offiziell die Legalisierung von Cryptocoins für internationale Transaktionen angekündigt. Zwar hatte man bisher keine offene...

As September winds down, three sets of economic reports will draw the most attention. We will review them and then offer a snapshot of the emerging market central bank meetings. As we have seen in the UK and Norway, several emerging market countries raised rates early (beginning in the middle of last year) but still experienced an acceleration of inflation. It obviously begs the unanswerable question about the impact on US inflation if the Fed had taken its foot off...

When asked about price inflation in his Sunday interview with 60 Minutes, President Biden claimed that inflation “was up just an inch…hardly at all.” Biden continued the dishonest tactic of focuses on month-to-month price inflation growth as a means of obscuring the 40-year highs in year-over-year inflation. This strategy may yet work to placate the most ignorant voters, but people who are paying attention know that price inflation continues to soar. Thus, while...

By normal standards, interest rates of 0.5% are considered low. But Switzerland has just emerged from a long period of negative interest after the Swiss National Bank (SNB) raised rates from -0.25% to +0.5%. When not covering fintech, cryptocurrencies, blockchain, banks and trade, swissinfo.ch’s business correspondent can be found playing cricket on various grounds in Switzerland – including the frozen lake of St Moritz. More from this author | English...

The Swiss government has given the green light to begin the construction of a temporary reserve power plant due to be operational from February next year. The executive body signed off on two decisions on Friday to speed up the approval of planning regulations for the eight-turbine plant in Birr, in the north of the country. The government had already signed a contract with the GE Gas Power company earlier this month for the CHF470 million ($480 million)...

Overview In the second quarter of 2022, the current account surplus was CHF 11 billion, almost CHF 1 billion lower than in the same quarter of 2021. The receipts surplus in goods trade, especially merchanting and traditional goods trade (foreign trade total 1), declined. The expenses surpluses in services trade, primary income and secondary income were each lower than in the same quarter of 2021. . In the financial account, reported transactions recorded a net...