Walter Block asks us to consider the following case: Suppose someone is shooting at you. He has two babies strapped in front of his body. He is clearly an aggressor and, of course, you have the legal right to shoot back in self-defense. The moral and ethical considerations as to whether you ought to shoot back are the subject of debate, and Murray Rothbard has addressed those debates extensively, but from the perspective of libertarian law there is...
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Monthly Archive: November 2024
What Has Government Done to Our World?
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...
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Extreme Speculation Has Returned
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December 2024 Monthly
The trends were already entrenched before the US election and continued through most of last month. The trend toward higher rates and higher equities stalled, while the dollar remained strong. Investors and business continue to wrestle with the implications of the Republican sweep in the US elections.There are two broad issues that are the source of uncertainty. The first is the broad tariff Trump has advocated on the campaign trail: 60% on China...
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The Heartland theory: More relevant than ever?
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The Heartland theory: More relevant than ever?
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Responding to Bryan Caplan’s Continued Critique of the Austrians
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...
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An Austrian Perspective on Tariffs
Tariffs have been a key instrument in government trade policies for centuries. For instance, one of the wealthiest ancient countries, Khazaria (7th-10th centuries CE), did not tax its citizens directly but instead imposed tariffs on all passing caravans due to its strategic location along major trade routes. In the United States, before introducing the federal income tax (1913), the government generated revenue primarily through tariffs. The role...
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There Is No “Efficient” Government
After astounding achievements like performing seemingly-crazy and impossible feats of rocket engineering, making satellite internet service practical, rescuing social media from covert government censorship, and even managing to build battery-powered vehicles that are rather more useful and cool than golf carts, Musk slipped up and committed a colossal blunder recently. He took on an insurmountable challenge that even his extraordinary genius and...
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Elon Musk’s Blunder: There Is No “Efficient” Government
After astounding achievements like performing seemingly-crazy and impossible feats of rocket engineering, making satellite internet service practical, rescuing social media from covert government censorship, and even managing to build battery-powered vehicles that are rather more useful and cool than golf carts, Musk slipped up and committed a colossal blunder recently. He took on an insurmountable challenge that even his extraordinary genius and...
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EUR/CHF edges lower after release of deceptively-high Eurozone inflation, Swiss GDP
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Bankers, Fed Origins, and World War I
Let me issue and control a nation’s money and I care not who writes the laws.—RothschildThe real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson...—FDRThe American people are suckers for the word “reform.” You just put that into any corrupt piece of legislation, call it “reform” and people say “Oh, I’m all for ‘reform,’” and so they vote for it...
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What’s at Stake in “Stakeholder” Capitalism?
A Tyranny for the Good of Its Victims: The Ugly Truth about Stakeholder Capitalism. By Andrew F. Puzder. Encounter Books, 2024; xiii + 335 pp.Andrew Puzder, who is both a leading business executive—he was the CEO of a restaurant chain that owns Carl’s Jr.—and an experienced attorney, tells a dramatic tale. The free market is by far the best economic system and has made possible, since the Industrial Revolution, a historically unprecedented rate of...
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Why Commies Hate Your Thanksgiving Dinner
Listen to the Audio Mises Wire version of this article.The Thanksgiving holiday in the United States has a checkered past. Its more recent origins lie largely in government attempts at pushing propagandistic narratives. For example, Abraham Lincoln demanded Americans be thankful for ”the advancing armies and navies of the Union” during the Civil War. George Washington instructed Americans to give thanks for the new constitution in 1789. While...
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Over-55s account for less than 10% of new hires in Switzerland
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The Market Process Is Indivisible and Logically-Interdependent
In the science of human action, the effects of erroneous notions of the market process, most particularly as they pertain to policy-making decisions, are not to be underestimated. The economist can not remain indifferent to these in an era in which the appeals of interventionism and government expansion increasingly hold sway in the domain of public policy. Put differently, we cannot deny how economic and social policies rooted in mistaken views of...
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Jungfrau Railways invests CHF70 million in new cable cars
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The Great Thanksgiving Hoax
Each year at this time, schoolchildren all over America are taught the official Thanksgiving story, and newspapers, radio, TV, and magazines devote vast amounts of time and space to it. It is all very colorful and fascinating.It is also very deceiving. This official story is nothing like what really happened. It is a fairy tale, a whitewashed and sanitized collection of half-truths which divert attention away from Thanksgiving’s real meaning.The...
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Why Communists Don’t Like Thanksgiving
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...
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Swiss stock exchange appoints new CEO
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On Swiss National Bank
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SNB Sight Deposits: increased by 1.7 billion francs compared to the previous week
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2025-07-31 – Interim results of the Swiss National Bank as at 30 June 2025
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SNB Brings Back Zero Percent Interest Rates
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Hold-up sur l’eau potable (2/2) : la supercherie de « l’hydrogène vert ». Par Vincent Held
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2025-06-25 – Quarterly Bulletin 2/2025
Main SNB Background Info
Featured and recent
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Bitcoin, Dogecoin, Ethereum & Co. am Samstagnachmittag
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Bitcoin-Bullrun 2026: Krypto-Börse prognostiziert Kursziel von 170’000 Dollar -
12-20-25 Why Balanced Portfolios Are Making a Comeback -
Risikomanagement beim Trading: Dein Schlüssel zum Erfolg -
Warum Dein Depot keine Angst vor Trump haben muss -
12-19-25 What Great Financial Planning Looks Like -
Are Gold’s Gains Signaling a Dramatic Paradigm Shift? -
12-29-25 Fed Liquidity, Housing Myths & Market Risk -
Inflation and the Intergenerational Housing Rivalry
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Schweiz – Auswanderungsland für Deutsche? Erfahrungen, Volksabstimmungen, Russland, EU und NATO