Essays & News

  The concept of credit money, introduced by Ludwig von Mises in 1912 in his work “The Theory of Money and Credit,” receives little attention. Yet the concept of credit money can be beneficial in historical analysis. Mises distinguishes between three types of money in the narrower sense: physical money, credit money, and token money […]

It is about the plans of the UK government to launch a decade-long programme of ‘investment’ in industry, infrastructure and Net Zero, greatly expanding the state’s role in the economy. The programme is to be funded entirely with new debt of £1.64 trillion: the same amount as the spending programme. This is 58% of the […]

  While the world appears increasingly fractured between the complex American and Chinese spheres of influence, countries that have not taken sides seem to be stuck with an impossible choice. Yet the almost-forgotten Comprehensive and Progressive Transpacific Partnership (CPTPP), a multilateral free trade agreement significantly lowering tariffs and barriers among some G7 and Global Majority […]

  “Tell me you don’t know how to dollarize without telling me you don’t know how to dollarize” should be the tagline for Argentine Economic Minister Luis Caputo’s recent statement confirming that dollarization has been discarded (if it was ever seriously on the table). In a recent interview with Luis Major at LN+, Caputo was asked directly […]

    …Hayek’s writings have not dated with the years. They remain a star by which the governments of free nations everywhere would be well advised to steer their course. Margaret Thatcher Take Away As conservative Prime Minister, Margaret Thatcher (October 13, 1925 – April 8, 2013) shaped the politics of the United Kingdom from […]