Monthly Archive: November 2024

A Critique of Black Box Economics

2024-11-21

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2024-11-21

A central debate in the philosophy of science concerns the purpose of scientific theories: should they aim to represent the world as accurately as possible or is it sufficient for them to produce useful predictions? Milton Friedman’s influential essay The Methodology of Positive Economics argues for the latter, suggesting that the primary goal of a theory is to generate accurate predictions, regardless of whether its assumptions reflect reality....

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How can Switzerland prepare for Trump 2.0?

2024-11-21

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2024-11-21

As he did during his first term in office, president-elect Trump is pushing an "America First" foreign policy agenda. Copyright 2024 The Associated Press. All Rights Reserved. Listen to the article Listening the article...

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Will Foreign Policy Really Be Different Under Trump?

2024-11-21

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2024-11-21

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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The Myth of the “Aguinaldo”

2024-11-21

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2024-11-21

In Costa Rica, and in most Latin American countries (Brazil, Argentina, Mexico, Colombia, etc.) the aguinaldo—a legally-mandated Christmas bonus—is an acquired labor right and is meant to provide workers with additional financial security. Unlike discretionary year-end bonuses in the United States, this one is an obligatory payment enforced by Costa Rican labor law.Employers are required to pay an amount equivalent to one month’s salary at the end...

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CHF traders note – Two Swiss National Bank speakers due Thursday, November 21

2024-11-21

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2024-11-21

1730 GMT/1230 US Eastern time: Speech by member of the board of the Swiss National Bank Petra Tschudin and Thomas Moser, "The Swiss Repo Market: 25 Years of Success for the Financial Centre and the National Bank", Money Market EventPetra Tschudin is the a member of the Governing Board of the Swiss National Bankalso Head of Department III (Money Market and Foreign Exchange, Asset Management, Banking Operations and Information Technology, as well as...

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President Biden Gives the Green Light to an Act of War against Russia

2024-11-20

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2024-11-20

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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President Biden Gives the Green Light to an Act of War against Russia

2024-11-20

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2024-11-20

On Sunday, news broke that President Joe Biden has authorized Ukraine to use long-range American missiles to strike deeper into Russian territory. After the US gave Ukraine the greenlight to strike targets on the Russian side of the border earlier this year, the Ukrainian government and its biggest cheerleaders in Washington have been pressuring the president to support longer-range strikes—especially after Ukraine launched its invasion of Russia’s...

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How Do We Fix the Collapse of Quality?

2024-11-20

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2024-11-20

Every product now has an "extended warranty" admission of the collapse of quality and durability. There's a great uplifting hope swirling around the potential to fix what's broken, and so here's my question: how do we fix the collapse of quality and durability that we now take for granted?

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Will Gavin Newsom Become the New “Teflon” Politician?

2024-11-20

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2024-11-20

When reality hit the Democratic Party and its ruling-class allies the day after the election, one Democrat must have been relieved: California governor Gavin Newsom. The Kamala Harris loss not only ends her political career—at least at the presidential level—but also clears the way for Newsom to pursue the White House himself.A Harris victory would have delayed Newsom’s quest for eight years, but now he can start laying the groundwork now for a run...

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Trump’s Immigration Plans: The Good and the Bad

2024-11-20

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2024-11-20

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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Sterling and Gilts Pressed Lower by Firmer CPI

2024-11-20

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2024-11-20

US dollar and rates are firmer today. All the G10 currencies are lower, led by the Japanese yen. The UK reported firmer than expected CPI and this may have deflected some of the selling pressure away from sterling, which is off less than 0.2% to put it atop the pack ahead of the US open.

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The French State Plans to Force You to Drive an EV

2024-11-20

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2024-11-20

In a recent statement, French Minister of Energy Olga Givernet expressed her frustration, declaring, “I am ready to take strong action on compulsory measures,” signaling the government’s intent to impose stricter regulations on companies for not transitioning to greener vehicle fleets quickly enough. This push for adopting electric vehicles (EVs) is part of a larger agenda to reduce carbon emissions and promote sustainability in France and Europe....

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If Trump Didn’t Send Musk to Talk with the Iranians…He Should!

2024-11-20

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2024-11-20

One of the most encouraging and promising things President-elect Trump said in his post-election acceptance speech was, “I’m not going to start a war. I’m going to stop wars…” We all understand that campaign promises often have a short shelf life after the election is over, but the Trump campaign’s repeated talk of peace over war at least demonstrates that he finds it a winning point to make to American voters.Will that talk of peace turn into...

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Trump Tariffs Are Inflationary Claim The Experts

2024-11-20

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2024-11-20

The headlines regarding Trump's proposed tariffs and their inflationary consequences are undoubtedly worrying, but will they prove correct? Instead of taking the "experts" word, let's consider how tariffs may affect the prices of all goods and services, not just the items subject to tariffs. Furthermore, it's worth discussing how tariffs could impact the economy, as …

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Walmart Shares: Great Fundamentals But At A Frothy Price

2024-11-20

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2024-11-20

Walmart's (WMT) shares opened higher as its earnings report surpassed expectations. EPS and revenues beat expectations. Moreover, the company increased its sales guidance for next year by a full percent. As its latest earnings report reminded us, Walmart is doing very well financially. Furthermore, its share price has surged, reflecting the company's health.

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REPORT: 2025’s BEST and WORST U.S. States for Sound Money

2024-11-20

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2024-11-20

(Charlotte, NC – November 20th, 2024) – The newly released 2025 Sound Money Index has identified Wyoming, South Dakota, and Alaska as the states with the most favorable policies toward constitutional sound money, while Vermont, Maine, and California take the most hostile stances.

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A Free-Market Guide to Trump’s Immigration Crackdown

2024-11-19

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2024-11-19

President-elect Donald Trump based much of his campaign on promises to crack down on immigration and carry out mass deportations. Politically, this was likely a winning issue for Trump after social media exposed millions of Americans to countless reports and videos of foreign nationals getting free cash, free housing, food allowances, and overall special treatment at taxpayer expense.

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Post-Election Prospects for Ending DEI

2024-11-19

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2024-11-19

In considering the outcome of the recent elections in the United States, the question arises as to whether we can now expect to see the end of diversity, equity, and inclusion schemes which were beloved of the Biden administration.

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Octobre 2024 : la chimie-pharma détermine le record à l’export

2024-11-19

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2024-11-19

En octobre 2024, les exportations désaisonnalisées – dopées par la pharma – ont bondi de 10,2%, pour s’élever à un niveau record. Celles-ci accusaient toutefois encore une évolution légèrement négative au cours des trois mois précédents.

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Corporate efforts to expand access to medicine stumble

2024-11-19

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2024-11-19

The Access to Medicine Foundation has been assessing efforts to expand access to medicine by the 20 largest pharmaceutical companies since 2008. Copyright 2021 The Associated Press. All Rights Reserved. Listen to the article Listening the article...

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