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Logs Only Roll In One Direction: Fighting Kinetic Energy

Before anyone gets their hopes up about a reduction in government expenditures resulting from the upcoming Department of Government Efficiency (DOGE), remember that, once rolling, a log rolls in one direction—downhill—until stopped. But have any of us ever tried stopping a log as it accelerates down a hill?The LogAh, the log. Speaking with the voice of a legislator, it blocked your path—your desired line-item, buried deep in a spending bill, which was on its way to...

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Börsen-Ticker: Rosige Konjunkturaussichten schieben US-Börsen an – Schweizer Börse schliesst im Plus – Partners Group und Sonova an der Spitze

In Asien haben die Chiphersteller am Freitag dem Handel an den Börsen etwas Aufwind verschafft. Nachdem Nvidia im US-Handel aufgrund solider Gewinne ein Rekordhoch erreicht hatte, stimmten auch die asiatischen Anleger mit ein. Die japanische Börse hat am Freitag fester tendiert. In Tokio legte der 225 Werte umfassende Nikkei-Index um 0,8 Prozent auf 38'326,69 Punkte zu, und der breiter gefasste Topix notierte 0,7 Prozent höher bei 2700,22 Zählern. Die Börse Shanghai verlor 1,0 Prozent auf...

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The Fed’s Gold Standard Confusion

By Bryan Cutsinger Why did the United States abandon the gold standard? In an article published recently by the Federal Reserve Bank of St. Louis, Maria Hasenstab cites the international gold shortage during the Great Depression. “Countries around the world basically ran out of supply and were forced off the gold standard,” she writes. In passing, the article mentions the American people were not forced off by an international gold shortage,...

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Wealth and Income Inequality Are Essential for Social Cooperation

It is popularly deemed a sign of moral superiority and a mark of the “progressive” mind to heavily criticize the existence of inequalities of wealth and income within the social order of the division of labor and private ownership in the means of production. However, the sober mind, careful of being unduly biased by errant ideological presuppositions, is often found to hold views that run contrary to the prevalent lines of reasoning advanced by these critics. This...

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2024-11-21 – Petra Tschudin / Thomas Moser: The Swiss repo market at 25: A success story for the financial centre and the SNB

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