Swiss National Bank: Hero or Villain?
There has been much hand wringing among popular blogger-economists in response to the breaking of the Euro peg by the SNB.
Money and Banking
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Let’s Secede from the American Monetary Union
The recent de-peg of the Swiss franc from the euro illustrates the importance of currency competition, and the damage that state monopolies over money can do. We Americans should embrace currency competition here at home as well.
Markets Restrain Bank Fraud, But Central Banks Enable It
If given a choice, people will avoid paper money that is declining in value, thus putting a restraint on inflationary bank notes. To shield banks from this, they turned to a monopolist central bank that issues legal tender and helps private banks inflate.
Pat Barron and Frank Hollenbeck in Swedish
The Mises Institute of Sweden has translated two recent Mises.org articles into Swedish.
Switzerland Frees the Swiss Franc
The Swiss franc was pegged to the euro in 2011, but after years of easy money in the eurozone, the Swiss have bailed in an effort to save the franc from even more inflation that's expected from the Europen Central Bank.
What a Swiss Surprise!
A surprise move from Switzerland’s central bank (SNB) sent stock markets into panic today. In just a few minutes, the value of the Swiss franc rose by 30 percent, FTSE 300 dropped by 2 percent, Wall Street futures turned negative, and the recent feeble rise in commodity prices was reversed.
Eurozone Craves More Inflation
As of this week, when Eurozone price inflation reached negative levels, ECB's Mario Draghi decided to throw caution to the wind and brace “for further measures, which could, if needed, be implemented in a timely manner”. Estimates for the European QE program are around €500 billion, but the overall size and timescale will most likely remain open-ended.
Multiple Currencies and Gresham’s Law in Zimbabwe
Zimbabwe, in the aftermath of years of hyperinflation, today has nine different currencies that are officially legal tender. The emerging system of multiple currencies offers a chance to make some interesting observations.
New Research in Austrian Economics
Research is not just the way we add to the body of knowledge left by previous generations, but is also an effective means of engaging and challenging the ideas of mainstream economics.
Mises Weekends Interview with Peter St. Onge: Is Bitcoin Money?
Jeff Deist and Peter St. Onge discuss money in the electronic age.
