Monthly Archive: June 2025

Swiss bank Raiffeisen appoints new CEO

2025-06-11

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2025-06-11

Gabriel Brenna, Chief Executive Officer (CEO) of Liechtensteinische Landesbank (LLB) since 2021, has been appointed head of Raiffeisen Switzerland. The new CEO will take up his post on December 1, according to a Raiffeisen press release issued on Wednesday. Gabriel Brenna takes over from Heinz Huber, who stepped down at the end of December 2024. …

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New Academic Paper Uses Rothbard’s National Output Metric

2025-06-11

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2025-06-11

Bob hosts economists Vincent Geloso and Chandler Reilly to discuss their new paper, which applies Rothbard's "Private Product Remaining" to rethink how national output is measured.

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The Protectionists Have No Theory

2025-06-11

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2025-06-11

Protectionism really isn‘t a theory of betterment for all but a claim that certain people in certain occupations are special. They must be paid more handsomely than the market—meaning you and me—wishes to pay. It will be big business and big labor who will be the beneficiaries of tariffs.

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How Marxists Erase Human Will and Agency

2025-06-10

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2025-06-10

Marxism has seeped into politics, education, and religion—reducing human action to class and race. Mises offers a more accurate understanding of how humans act.

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Uncle Sam’s Credit Rating Story Is Serious News: But Does it Matter?

2025-06-10

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2025-06-10

With US Government bonds being downgraded, another sign that Washington's borrowing and spending is out of control, not that anyone in power is listening. Think of the downgrade as a canary in a coal mine.

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Government is a Racket

2025-06-10

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2025-06-10

The American Revolution was fought to free American colonists from an overbearing British government. Yet, only a few years after independence, Americans had created a constitutional government that would wield much power than anything the British had.

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The Swiss welfare state is ‘not about to be dismantled’

2025-06-10

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2025-06-10

Switzerland needs to revise its “debt brake” mechanism, say guests on our Let’s Talk panel. That might help balance the country’s budget without having to rely on savings cuts, say economists Marius Brülhart and Nils Soguel. The Swiss federal government wants to do some serious belt-tightening in order to maintain a balanced budget. The plan …

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Dollar Stabilizes while Sterling Slides after Disappointing Jobs Report

2025-06-10

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2025-06-10

Overview: The US dollar is enjoying a firmer tone against the G10 currencies with the disappointing UK jobs data weighing on sterling the most. It is off about 0.5% in late morning European activity. The greenback is more mixed against emerging market currencies. The Mexican peso, which reached new highs for the year yesterday is …

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Top 5 Mistakes High Net Worth Individuals Make Without a Financial Plan

2025-06-10

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2025-06-10

When you’ve worked hard to build wealth, protecting it becomes just as important as growing it. However, even high net worth individuals (HNWIs) often fall into avoidable traps, especially when navigating wealth without a formal financial plan. Without a clear strategy, even sophisticated investors may overlook important details, leading to costly consequences over time. In …

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The Economy Is The Real Deficit Problem

2025-06-10

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2025-06-10

The deficit fearmongers are out in full force, warning that massive debt payments will further exacerbate the deficit and ultimately bankrupt the country. While we agree that steadily increasing deficits are a significant problem, we believe it's not for the reasons most people give. To that end, a recent Tweet by George Gammon succinctly makes …

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Early Railroads and Hospitals

2025-06-10

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2025-06-10

The 19th century saw the creation and expansion of railroads in the United States, which hauled freight and carried paying passengers. One offshoot from privately-owned railroads was the creation of company-built and -operated hospitals to treat their employees in remote locations.

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Multifamily Delinquencies Are Now Higher than During the Great Recession

2025-06-10

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2025-06-10

Freddie Mac’s delinquency report shows delinquencies above the Great-Recession peak. April's delinquency rate was the highest in 14 years.

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Taxi Tyranny in Paradise

2025-06-09

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2025-06-09

Our author went to St. Croix in the US Virgin Islands, expecting a vacation in paradise. Unfortunately, thanks to the USVI government‘s laws “protecting” the taxi industry, he had to spend a tidy sum of money just getting around.

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A Politically Incorrect “Where Are We Now?”

2025-06-09

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2025-06-09

A few days ago, I had the great pleasure to sit down again with my good friend James Patrick in person, in Monte Brè. It was a truly spontaneous and unfiltered conversation about the current state of the world, the bizarre geopolitical situation and the tragicomical moment in history that we find ourselves in. We talked about the extreme, and likely unprecedented, risks we face in the global economic and financial system and I’m very glad we...

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Government and Economic Growth

2025-06-09

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2025-06-09

Modern macroeconomic theory claims that government spending, taxation, and monetary creation is essential for economic growth. Austrian Economists, however, note that government stifles the economy.

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Dollar Unwinds Jobs Report Gains

2025-06-09

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2025-06-09

Overview: Despite the US jobs report, which was considerably better than the fears induced by the ADP estimate and the gradually rising jobless claims, and apparent resumption of China's rare earth exports to US (and European) auto makers, Asia and European participants sold into the dollar's gains they inherited. The greenback has largely unwound its …

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Bond Yield Chasing: Tomorrow’s Narrative?

2025-06-09

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2025-06-09

Numerous bond narratives are driving long-term bond yields higher. “Crippling deficits” and a tariff-induced inflation sit at the top the list. We have repeatedly poked holes in these narratives. Instead of dwelling further on them, let's consider what tomorrow's narratives might be. When the bond market changes direction and yields fall, the two narratives we …

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“Buying The Dip” – Here’s A Technical Way To Do It

2025-06-09

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2025-06-09

Recently, I did an interview about "buying the dip" in the market, which generated many comments. Most were, "You're stupid; the market is going to crash," but one comment deserved a more thorough discussion. "When buying the dip, how do you know when to do it, or not?" That is the right question. Of course, you will never know … Continue...

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Pollock: Questions need to be asked about the Federal Reserve’s losses

2025-06-09

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2025-06-09

Alex Pollock has questions for the Federal Reserve in the Financial Times.

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In Support of the Free State Project

2025-06-09

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2025-06-09

Critics of the Free State Project should direct animosity, not at those moving to their state, but to the other 49 states for failing to be freer. The Free State Project migrants are not moving to New Hampshire to exert coercion on the existing population, but to live under less coercion.

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