Tag Archive: newsletter

Why the Marketplace Is Not a Zero-Sum Game

2020-12-26

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2020-12-26

Twenty-twenty marks the twenty-fifth anniversary of a book that has had an expanding influence on the public conversation about market competition. Robert Frank and Philip Cook’s 1995 The Winner-Take-All Society argued that there are an increasing number of markets in which small differences in performance give rise to enormous differences in rewards.

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Swiss groups argue about parking spaces

2020-12-25

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2020-12-25

Even good drivers might struggle to fit their cars into the allotted parking spaces in Switzerland. Yet Swiss cities don’t necessarily want to provide larger spaces.

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How Austrian Is Your Business? Continuous Value Perception Monitoring Is One Measure.

2020-12-25

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2020-12-25

With the development of the Austrian Business Paradigm and the Austrian Business Model, and tools such as the "Value Learning Process," businesses of all kinds can utilize the deep insights of Austrian economics to further enhance how they facilitate value for their customers.

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Cool Video: A Look Ahead to 2021

2020-12-24

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2020-12-24

I joined Ben Lichtenstein, host of the morning futures program at TDAmeritrade.  It is in the futures market that I began my career, and where I gained respect for local traders, who do not have a large institutional backing such as a bank or hedge fund, and are trading their own capital, and taking the risk often from those institutional participants. 

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Europe’s ski market crushed by Covid-19

2020-12-24

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2020-12-24

Gérard Brudi, who rents two apartments to winter workers in the popular French ski resort of Val Thorens, has not had a single booking this year.

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Rich Millennials Plot the End of Civilization

2020-12-24

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2020-12-24

The New York Times managed to find some young people whose silver spoons provide a sour taste in their mouths. To hear them talk, their good fortune is making them sick. 

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A Major Support For Asset Prices Has Reversed

2020-12-24

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2020-12-24

In 2019, we wrote about how corporate share repurchases, or “stock buybacks,” had accounted for nearly all buying in the market. A year later, that significant support for asset prices has reversed.

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The Dollar’s Evolving Outlook

2020-12-23

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2020-12-23

The foreign exchange market sees an average daily turnover of something on the magnitude of $6.6 trillion a day.  In a week, the turnover is sufficient to more than cover world trade for a year.  It is the largest of the capital markets.  Trends in the currency market can last for years.  

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Switzerland bans flights from UK over new coronavirus

2020-12-23

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2020-12-23

Switzerland has joined other European countries in suspending flights from the United Kingdom and South Africa after reports of a fast-spreading new coronavirus strain.

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Pelosi’s “Mandate”: What “Consent of the Governed” Really Means

2020-12-23

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2020-12-23

US Population by Preferred Candidate
The 2020 election failed to live up to the projections of many pollsters and Democratic strategists. The predicted landslide failed to materialize, and the Democrats lost seats in the House. This means in 2022 the Democrats will be defending a razor-thin majority in the House—a majority they’re almost certain to lose in a mid-term election if Biden is the final victor.

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Feudalism and Cronyism in Machiavelli’s Italy

2020-12-23

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2020-12-23

Although liberty is a recurring concern in Machiavelli’s writings, there is no consensus regarding either the definition of the concept or its relevance for his overall political thought.

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Covid: restaurants and cafés to close across French-speaking Switzerland

2020-12-23

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2020-12-23

Restaurants and cafés will progressively close once more across French-speaking Switzerland starting in the canton of Jura on Tuesday 22 December 2020.

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Credit Suisse chief vows a ‘clean slate’ in 2021

2020-12-22

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2020-12-22

The chief executive of Credit Suisse has vowed the bank will start 2021 with a “clean slate” after a torrid year that began with a damaging corporate spying scandal and was punctuated by embarrassing fallout from legacy compliance and lending failures.

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Mises Explains the Santa Claus Principle

2020-12-22

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2020-12-22

The idea underlying all interventionist policies is that the higher income and wealth of the more affluent part of the population is a fund which can be freely used for the improvement of the conditions of the less prosperous. The essence of the interventionist policy is to take from one group to give to another. It is confiscation and distribution. Every measure is ultimately justified by declaring that it is fair to curb the rich for the benefit...

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The American Revolution Was a Culture War

2020-12-22

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2020-12-22

Two hundred and forty-seven years ago this month, a group of American opponents of the Crown's tax policy donned disguises and set about methodically destroying a shipment of tea imported into Boston by the East India Company. The vandals trespassed on privately owned ships in Boston Harbor and threw the tea into the ocean.

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Covid: retroactive quarantine for those arriving from the UK and South Africa

2020-12-22

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2020-12-22

Following the discovery of a new, more contagious variant of the coronavirus in the UK and South Africa, the Federal Council today decided to take steps to prevent the further spread of this new virus strain.

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Big Media: Selling the Narrative and Crushing Dissent for Fun and Profit

2020-12-22

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2020-12-22

The profit-maximizing Big Tech / Big Media Totalitarian regime hasn't just strangled free speech and civil liberties; it's also strangled democracy.

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FX Daily, December 21: Happy Holidays

2020-12-21

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2020-12-21

No daily commentary until the New Year, but watch this space for thematic pieces over the next two weeks. Here is to a safe, healthy, and prosperous 2021. Thank you for your support.  

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First Covid-19 vaccine approved for Swiss use

2020-12-21

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2020-12-21

Swiss health regulator Swissmedic has approved the coronavirus vaccine from Pfizer/BioNTech. According to the Swiss authorities, the level of protection is over 90% a week after the second dose.

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Individualism and the Industrial Revolution

2020-12-21

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2020-12-21

Liberals stressed the importance of the individual. The 19th-century liberals already considered the development of the individual the most important thing. "Individual and individualism" was the progressive and liberal slogan. Reactionaries had already attacked this position at the beginning of the 19th century.

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