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Bob offers his commentary on the movies “The Hunt” and “The Purge”—both produced by Blumhouse Productions—and focuses on whether The Purge storyline offers a challenge to Rothbard’s depiction of anarcho-capitalism. For more information, see BobMurphyShow.com. The Bob Murphy Show is also available on iTunes, Stitcher, Spotify, and via RSS. You Might Also Like The “Old” vs. the “New” Liberalism It is not...

Today’s Western institutions have long been deemed to be sacrosanct. As a matter of fact, though, nation-states are increasingly met with reservation or even outright resentment. Public trust in government is near historic lows, and pillars like the media or democracy are suffering from a loss of confidence. But one modern institution seems to be standing as strong as ever: central banks. Although their role has changed significantly over the course of a few decades...

The home to the European headquarters of the United Nations jumped ten spots up the ranking thanks to its fiscal attractiveness. Keystone / Salvatore Di Nolfi Canton Geneva has made the biggest jump in the annual Credit Suisse ranking of attractive business locations, moving up ten spots to sit just behind Zurich. According to the Credit Suisse location quality survey published on Tuesday, canton Zug, home to big multinationals like Glencore, took back its top spot...

You spend a lifetime earning, saving, acquiring. But the old adage is true—you can’t take it with you. So, what do you do with your assets when you’re gone? How do you want them distributed? That’s where a good estate plan comes in. However, some estate plans are based on ideas that just aren’t true. Plans are made based on emotion rather than logic, and that’s where the best-laid estate plans can go wrong. Christopher D. Wright, JD is a CPA at Marks Paneth LLP. In...

Die Eidgenössische Finanzmarktaufsicht FINMA empfiehlt den von der LIBOR-Ablösung betroffenen Beaufsichtigten, das neue Rückfallprotokoll der International Swaps and Derivatives Association (ISDA) frühestmöglich zu unterschreiben. Der Wegfall des LIBOR rückt näher. Der volumenmässig grösste Anteil der weiterhin an den LIBOR gebundenen Verträge sind Over-the-Counter-Derivate (OTC-Derivate). Die FINMA hat im Juni 2020 in einer Erhebung bei Schweizer Instituten hierzu...

The rapid testing will be done by health workers from nose or mouth swabs. Keystone / Denis Balibouse Swiss drug firm Roche says it is to launch a new Covid-19 antigen test before the end of the year, allowing faster, higher-volume testing. One of the most potent use cases could be at airports to ease the severe restrictions on air transport. “These fully automated systems can provide test results in 18 minutes for a single test, with a throughput of up to 300 tests...

Surgical masks © Belish | Dreamstime.com Only 4 out of the 16 masks sold in Switzerland that were tested passed all three tests conducted by a textile testing company, according to RTS. The testing, which included tests for air permeability, splash resistance and filtration, was conducted in laboratories run by Testex in Zurich and Vienna at the behest of RTS. Testing followed the standards recommended by the Swiss National Covid-19 Science Taskforce. There are...

Virus restrictions across Europe continue to sour sentiment; the dollar is benefiting from the risk-off backdrop The stimulus package is deader than Elvis; Fed manufacturing surveys for October will start to roll out; weekly jobless claims will be reported; Chile is expected to keep rates steady at 0.5% The unofficial deadline for Brexit has likely been extended; the two-day EU summit in Brussels starts today; Israel reports September CPI Australia reported September...

Understood properly,  inflation is not a general increase in prices but is an increase in the money supply “out of thin air” which brings about the impoverishment of wealth generators. When inflation is seen as a general increase in prices, then anything that contributes to price increases is called inflationary. In this framework, not only does the central bank have nothing to do with inflation, on the contrary, the bank is regarded as an inflation fighter. But, on...

Today we are taking our weekly look at the charts for gold and silver. Corvid 19, the US Election and US Financial Stimulus talks have given gold plenty to digest over the last week. On a short term basis gold has been taking a lot of signal from the fortunes of the stock markets and increased hopes of agreement of a financial stimulus package gave a boost to both stock markets and the gold price. Gold ran in to significant resistance and failed to close above the...