Essays & News

  Introduction Since returning to office in January 2025, President Donald Trump has made the Federal Reserve a central target of his presidency. At first, there were hints of serious reform, including talk of a Fed audit with Elon Musk and even considering former Congressman Ron Paul—long a critic of the Fed as an institution and of […]

  All industrialized countries are running high deficits. In Europe, the situation is particularly striking: France has a deficit exceeding 6 percent, and no solution seems politically acceptable. Germany is in full stagnation: its manufacturing base is crumbling, its infrastructure decaying and energy costs have become ruinous. The deficit remains high, while taxes on businesses […]

  Originating from our “Publish with Us” section, this essay continues our tradition of inviting thinkers and authors to contribute perspectives rooted in the intellectual legacy of the Austrian School of Economics — where individual insight, critical reflection, and open dialogue meet. Introduction It has grown fashionable to hold liberalism and its kindred ideologies in […]

  Already during the Covid-19 crisis – and even more so now, amid war, protectionism and sanctions – the issue of economic supply has become obvious. Domestic sources in Europe, particularly for raw materials, were neither developed nor used. The (failed) guiding principle seemed to be: let others do the dirty work; we are good and […]

We are pleased to announce a new collaboration between the Institute for Research in Economic and Fiscal Issues (IREF) and the European Center for Austrian Economics Foundation (ECAEF), focused on publishing a series of articles on economic and fiscal topics. It emphasizes our commitment to independent thought, academic freedom, and critical inquiry.   Introduction Governments […]