Tag Archives: Politics

Part I of II, by Claudio Grass, Hünenberg, Switzerland It wouldn’t be an exaggeration to argue that private property rights, as understood by classic liberal thinkers, by those who embrace Austrian economic theory and by all member of an enlightened society, are not only the cornerstone, but also the last defense of human civilization and the Western way of life in particular. Nothing stands a chance without this premise. No prosperity can ever come...

Some Western countries plan to officially ban gold imports from Russia. In 2021, Russia dug up 314 tonnes of gold, nearly 10% of the metal mined globally. Ria Novosti An unexpected spike in Switzerland’s gold imports from Russia is under scrutiny as the leaders of the world’s wealthiest nations gear up to introduce a ban on the precious metal. The G7’s focus on gold, Russia’s second-largest export after energy, marks the latest effort by Western nations to ramp up...

When “whatever it takes” means confiscation of wealth One of the reasons people decide to buy gold bullion or add silver coins to their portfolio is because they cannot be devalued. No one can suddenly decide to print more gold or silver! Sadly, this is exactly what happens with currencies around the world. And the last two decades have been prime examples of this. As governments rush to patch up past mistakes, missed warnings and election cycles they resort to...

Ueli Maurer, Switzerland’s finance minister, is concerned about Switzerland’s finances after a recent round of decisions to substantially increase public spending. Swiss finance minister Ueli MaurerDuring June 2022, Switzerland’s parliament agreed to significant increases to spending on the army, healthcare and the environment. The situation is not sustainable Maurer told SRF. In June, parliament agreed to boost military spending by CHF 2 billion, raising it from CHF 5 to CHF 7 billion...

Switzerland has four national languages but most of the population is fluent in only one of them. When politicians come together in Bern they generally speak in their home language assuming others present understand them, even if they cannot really speak the language spoken. This week, Pierre Nebel, a reporter at RTS, explored the level of French comprehension among non-French speakers in the Federal Palace. © William87 | Dreamstime.comThe most widely spoken language in Switzerland is...

This not the first time that Václav Klaus’ astute observations and experience-based predictions turn out to be shockingly accurate years later, and I’m pretty confident it will not be the last. Even before the examples that follow and that he clearly laid out in his address at the Marmara Forum, the former President of the Czech Republic has repeatedly proven to be quite prophetic in his assessment of the future.  From his critique and his warnings about the many vulnerabilities...

This not the first time that Václav Klaus’ astute observations and experience-based predictions turn out to be shockingly accurate years later, and I’m pretty confident it will not be the last. Even before the examples that follow and that he clearly laid out in his address at the Marmara Forum, the former President of the Czech Republic has repeatedly proven to be quite prophetic in his assessment of the future.  From his critique and his warnings about...

Zurich’s Kunsthaus, where the Bührle collection is a reminder of the moral hazards of neutrality. © Keystone / Walter Bieri Sanctions imposed on Russia have focused debate over the country’s long-cherished economic haven status. In the gleaming new Chipperfield extension of the Zurich Kunsthaus, all polished limestone and gold, is a room dedicated to expiating the moral debits of economic neutrality. The Bührle collection is one of the greatest privately-amassed...

The great Ludwig von Mises first described the concept of a crack-up boom as part of the Austrian business cycle theory, based on real life events that to an unsuspecting bystander might have appeared unconnected, or perhaps even quite bizarre and counterintuitive. Indeed, such a bystander might think the same of today’s economy and would likely have trouble making sense of the picture painted by stock markets, by our monetary and fiscal policies and their...

The great Ludwig von Mises first described the concept of a crack-up boom as part of the Austrian business cycle theory, based on real life events that to an unsuspecting bystander might have appeared unconnected, or perhaps even quite bizarre and counterintuitive. Indeed, such a bystander might think the same of today’s economy and would likely have trouble making sense of the picture painted by stock markets, by our monetary and fiscal policies and their inflationary impact and by...