Monthly Archive: March 2025

Auto Tariffs Impact Automakers Differently

2025-03-28

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2025-03-28

Despite what some may think, the impact of the new 25% auto tariffs will not necessarily benefit all US auto companies to the detriment of their foreign counterparts. For example, as we share below courtesy of Bank of America, Ford produces about 80% of their US-sold cars in the US. However, GM and Stellantis, the …

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Stagflation Panic: A Misdiagosed Media Spin

2025-03-28

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2025-03-28

Following the latest Federal Reserve meeting, there was a massive surge in media headlines stating "stagflation." The media's stagflation panic is unsurprising as it elicits memories of the late 1970s during the Arab oil embargo. Of course, a "stagflation" is excellent fodder for clicks and views as it scares the “bejeebers” out of people. Over the last …

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AI recruitment machines map out workers’ career paths

2025-03-28

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2025-03-28

AI is playing an increasing role in determining career paths Keystone Listen to the article Listening the article Toggle language selector...

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Shareholder group rejects UBS pay and share buyback plans

2025-03-27

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2025-03-27

Ethos criticises UBS compensation report and share buyback Keystone-SDA Listen to the article Listening the article Toggle language selector...

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Swiss arms industry bemoans shifting conditions

2025-03-27

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2025-03-27

Arms export and re-export: Swiss industry dissatisfied with legal framework Keystone-SDA Listen to the article Listening the article Toggle language selector...

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Economic Illiteracy Handicaps Britain’s New Right Wing Party

2025-03-27

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2025-03-27

While much has been written about the “vibe shift” in America since Trump’s reelection, an almost equal feeling of change has recently been felt in British politics. Following the Conservatives’ landslide defeat in July 2024, the incoming Labour government’s popularity collapsed almost as soon as they took office.This general discontent with the major parties, combined with an increasing focus on immigration, seems tailor-made to benefit Reform...

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Herbert Hoover, Enemy of Free Markets

2025-03-27

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2025-03-27

American History is the source of many enduring myths. George Washington didn’t chop down the cherry tree, Abraham Lincoln did not free the slaves (or even end slavery in this country), and Jim Crow was not the natural heir to post-war policies in the South in the 1860s and 70s. But myths persist, not because of any truths inherent in them, but because certain people find it advantageous to promote them. And perhaps there is no greater myth being...

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Markets Hold Collective Breath as US Offensive Launched

2025-03-27

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2025-03-27

Overview:  Many participants were focused on next week's US "reciprocal tariffs" when yesterday, it announced a 25% tariff on imported cars, effective April 3. Fully assembled vehicles are the first target, but by May 3, major parts, such as engines, transmissions, powertrain components and electrical systems will be included. The tariffs on Mexico and Canada will be adjusted based on the share of domestic content. A White House official...

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What Made Europe Different

2025-03-27

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2025-03-27

[Editor’s note: In this selection from The Struggle for Liberty: A Libertarian History of Political Thought, Ralph Raico introduces the idea that western Europe was unique in how it approached the power of civil government and sought to limit it. As we will find later in this chapter, Raico sets the origins of the West’s embrace of freedom in the Middle Ages a period characterized by political decentralization and a salutary conflict between civil...

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The Wealth Dissipation Effect

2025-03-27

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2025-03-27

Ben Bernanke popularized the wealth effect theory during the financial crisis in 2008. In his words, "higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending." Moreover, he argued this would create a "virtuous circle" of increased spending, higher incomes, and further economic growth. Since then, the Fed has …

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UBS struggles with technical problems in payment transactions

2025-03-27

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2025-03-27

More Sergio Ermotti named highest paid banker in Europe This content was published on Apr 1, 2025 UBS CEO Sergio Ermotti was the highest earning CEO of the largest banks in Europe last year....

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4 Lessons We Learned from the Covid Panic of 2020

2025-03-27

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2025-03-27

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-EU economic relations in eight charts

2025-03-27

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2025-03-27

The European Union and Switzerland do not have the same currency, but they have close economic ties (illustration). Keystone / Martin Ruetschi Listen to the article Listening the article...

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Karl Marx’s Missing Link: Erasing the Line Between Mercantilism and Capitalism

2025-03-27

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2025-03-27

In Das Kapital, Karl Marx outlined a historical progression of socioeconomic systems: tribal communism, slave societies, feudalism, capitalism, socialism, and communism. However, one notable omission from this framework is mercantilism. Why was it left out? While mercantilism and capitalism overlap, they are distinct systems with different economic policies, modes of production, and underlying principles. By omitting mercantilism, Marx could...

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Tesla and Terrorism Nonsense

2025-03-26

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2025-03-26

The 9/11 attacks provided the U.S. government with one of the greatest opportunities in U.S. history to destroy the freedom of the American people. Declaring a “war on terrorism,” federal officials seized upon the crisis to exercise omnipotent powers, purportedly to keep the nation “safe” from the terrorists who were supposedly hell-bent on coming to get us. In the process, the war-on-terrorism racket became as effective in destroying liberty as...

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Libertarian Literary and Media Criticism

2025-03-26

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2025-03-26

[Editor’s Note: This following article is an adaptation of the introduction to Libertarian Literary and Media Criticism: Essays in Memory of Paul A. Cantor, Edited by Jo Ann Cavallo (London: Palgrave Macmillan, 2025. Paul Cantor was (1945-2022) was a student of Ludwig von Mises and an important contributor to mises.org on topics of the intersection between markets and culture.]This collection of essays by experts in diverse fields applies...

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What Might Austerity Look Like in 21st-Century America?

2025-03-26

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2025-03-26

The word “austerity” is defined as sternness or severity of manner or attitude; extreme plainness and simplicity of style or appearance; conditions characterized by severity, sternness, or asceticism; or a way of life that limits luxuries. Austerity is also defined as a set of policies that reduce government spending and increase taxes. These policies can include “austerity measures,” often used during economic crises, including cutting government...

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Softer CPI Weighs on Sterling, Ahead of Budget Statement

2025-03-26

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2025-03-26

Overview:  Uncertainty over next week's US tariff announcement continues weigh on markets and undermines near-term conviction. The dollar is mostly consolidating against the G10 currencies. Sterling is the heaviest, off about 0.3% after a soft CPI report and ahead of the Spring Budget Statement. The dollar bloc and Norwegian krone are the strongest. Among emerging market currencies, the Mexican peso roughly 0.25% loss puts it at the bottom of the...

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The Far-Left’s Violent Attacks on Tesla are Revealing

2025-03-26

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2025-03-26

In recent weeks, there has been a sharp increase in violent attacks aimed at destroying cars and other property carrying the logo of Elon Musk’s electric car company, Tesla. In Colorado, a woman was charged with using Molotov cocktails to set multiple cars at a Tesla dealership on fire before painting the word Nazi on a store sign. In Oregon, one man fired a rifle into one Tesla dealership while someone else fired shots and threw explosives into...

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The Far-Left’s Violent Attacks on Tesla are Revealing

2025-03-26

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2025-03-26

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...

Read More »