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Found 1,387 search results for keyword: label

Why “One Man, One Vote” Doesn’t Work

2020-01-25

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2020-01-25

The US Senate is increasingly targeted by left-wing think tanks and legislators for the fact it is based on "voter inequality." According to critics, the Senate ensures small states are "overrepresented,"and the body favors voters in smaller and more sparsely populated states. In contrast,  reformers  hold up the concept of "one man, one vote" as an ideal and a solution.

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Trump should be disinvited to Davos, says St. Gallen University economist

2020-01-23

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2020-01-23

Speaking to CNN Money, Markus Will, a senior economist at St. Gallen University, described Trump’s speech, in which he didn’t mention climate once, as a “contradiction to the values of Davos.” “It was a nationalistic, domestic, state of the union address from Davos rather than an improving of the state of the world speech which you should do in Davos”, he said, before adding, “you should disinvite him cordially for next year.

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How Do We Calculate Value?

2020-01-18

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2020-01-18

[From Socialism: An Economic and Sociological Analysis, by Ludwig von Mises, pp. 113–22.] All human action, so far as it is rational, appears as the exchange of one condition for another. Men apply economic goods and personal time and labour in the direction which, under the given circumstances, promises the highest degree of satisfaction, and they forego the satisfaction of lesser needs so as to satisfy the more urgent needs. This is the essence...

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Swiss National Bank expects annual profit of 49 billion francs

2020-01-17

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2020-01-17

According to provisional calculations, the Swiss National Bank (SNB) expects to make a profit of around CHF 49 billion in 2019. Most of this comes from the rising value of the SNB’s foreign currency positions (+CHF 40 billion) and a valuation gain on gold holdings (+CHF 6.9 billion).

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‘Yes to an initiative promoting moderately-priced housing’

2020-01-17

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2020-01-17

The free market in Switzerland has built housing units that remain empty because they are too expensive, or in out-of-the-way places, says Marina Carobbio Guscetti. The Social Democrat senator believes that the initiative "More affordable housing" will fix these problems. It will help the middle class and the less well-off.

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The History and Structure of the Federal Reserve System

2020-01-16

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2020-01-16

[This article is part of the Understanding Money Mechanics series, by Robert P. Murphy. The series will be published as a book in late 2020.] This chapter will provide a brief sketch of the historical context in which the Federal Reserve was founded, summarize some of the major changes to the Fed’s institutional structure and mandate over the years, and end with a snapshot of the Fed’s current governing structure.

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The Many Ways Governments Create Monopolies

2020-01-15

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2020-01-15

[From Power and Market, Chapter 3.] Instead of making the product prohibition absolute, the government may prohibit production and sale except by a certain firm or firms. These firms are then specially privileged by the government to engage in a line of production, and therefore this type of prohibition is a grant of special privilege. If the grant is to one person or firm, it is a monopoly grant; if to several persons or firms, it is a...

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Conservation in the Free Market

2020-01-07

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2020-01-07

It should be no news by this time that intellectuals are fully as subject to the vagaries of fashion as are the hemlines of women’s skirts. Apparently, intellectuals tend to be victims of a herd mentality. Thus, when John Kenneth Galbraith published his best-selling The Affluent Society in 1958, every intellectual and his brother was denouncing America as suffering from undue and excessive affluence; yet, only two or three years later, the fashion...

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Facebook’s Libra has failed, says Switzerland’s president

2020-01-05

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2020-01-05

Facebook’s plan to launch its digital currency Libra is unlikely to succeed Ueli Maurer, Switzerland’s president, told SRF. Maurer doesn’t think central banks will accept the basket of currencies underpinning the cryptocurrency. “The project, in this form, has thus failed” he said.

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Running a Swiss business – changes in 2020

2020-01-03

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2020-01-03

Every year brings changes for business owners and managers. In May 2019, a majority of Swiss voters accepted a package of changes to the way companies are taxed known as The Federal Act on Tax Reform and AHV Financing (TRAF). Many of the changes flowing from this begin on 1 January 2020.

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Is Greater Productivity a Danger?

2020-01-03

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2020-01-03

It is bad enough that opponents of the free market wrongly blame capitalism for environmental pollution, depressions, and wars. Whatever the failings of their causal theories, at least they are focused on undoubtedly bad things. We have really gone beyond the pale, though, when the market is blamed for something good.

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Unemployment in Geneva higher than neighbouring France

2020-01-03

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2020-01-03

In December last year, the Observatoire statistique transfrontalier published unemployment figures for the French region surrounding Geneva. French unemployment calculations follow the method used by the International Labour Organisation (ILO), which include all job seekers, according to Tribune de Genève.

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2019 Was a Bad Year For the “Only Cops Should Have Guns” Narrative

2020-01-02

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2020-01-02

Total New Guns, Homicide Rate, 1986-2018
On December 29, an armed gunman entered the West Freeway Church of Christ in Texas and shot two members of the congregation. Within six seconds, a third member of the congregation drew a weapon and shot the gunman dead. The events were captured on live-streamed video, with the dramatic events — in the minds of many observers — highlighting the benefits of privately-owned firearms as a defense against armed criminals.

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Economic Stats Won’t Tell Us What Really Causes Recessions

2020-01-01

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2020-01-01

Most economists are of the view that by means of economic indicators it is possible to identify early signs of an upcoming recession or prosperity. What is the rationale behind this opinion? The National Bureau of Economic Research (NBER) introduced the economic indicators approach in the 1930s.

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How to Write and Understand History

2019-12-30

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2019-12-30

[Adapted from Chapter 2 of Human Action.] The study of all the data of experience concerning human action is the scope of history. The historian collects and critically sifts all available documents. On the ground of this evidence he approaches his genuine task.

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To Be Useful, Data Needs Theory

2019-12-29

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2019-12-29

For most so-called practical economists, information regarding the state of an economy is derived from data. Thus, if an economic statistic such as real gross domestic product or industrial production shows a visible increase, it is considered indicative of a strengthening of the economy. Conversely, a decline in the growth rate is regarded as weakening. It seems that by looking at the data one can ascertain economic conditions. Is this the case,...

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Grüne fordert Verteuerung von klimaschädigenden Investitionen

2019-12-28

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2019-12-28

Die Grünenpolitikerin Greta Gysin (TI) hat einen Vorschlag zur Berücksichtigung von ökologischen Aspekten bei Investitionen unterbreitet. "Wir müssen die Kosten solcher Investments internalisieren", sagte sie dem "Tages-Anzeiger" vom Samstag.

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Abolish the Office of the First Lady

2019-12-26

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2019-12-26

It's almost Christmas time again, and that means its time for White House politicians and staff to spend hundreds of thousands of dollars on Christmas decorations and events for the White House.

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Economics and the Revolt against Reason

2019-12-25

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2019-12-25

The Revolt Against Reason. It is true that some philosophers were ready to overrate the power of human reason. They believed that man can discover by ratiocination the final causes of cosmic events, the inherent ends the prime mover aims at in creating the universe and determining the course of its evolution.

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