Essays & News

  “Politicians or bureaucrats are no different from the rest of us. They will maximize their incentives just like everybody else.” James M. Buchanan   It is 2026, and let us not forget one of the most seminal minds of our times, we should briefly recall the groundbreaking works of James M. Buchanan (1919-2013) who […]

  The yield on France’s 10-year government bonds has risen to 4.9 percent. Rising government bond yields reflect diminishing trust in public finances, with France emerging as the greatest concern. Investors are demanding greater compensation for the risk of lending to the French government. This risk premium makes debt servicing more expensive, while issuing new […]

  “This year’s laureates in the economic sciences, Robert E. Hall and Michael Woodford, have developed new macroeconomic models that have significantly improved our ability to implement effective stabilization policy. On the basis of these models, well-timed fiscal and monetary policy measures can reduce the economy’s peaks and troughs”. Announcement of Sveriges Riksbank Prize in […]

  In a recent address at the influential Valdai Discussion Club – a forum comparable to the Council on Foreign Relations in the United States – Russian President Vladimir Putin said Moscow could resort to nuclear weapons if NATO tried to cut off the Russian exclave of Kaliningrad. The Kaliningrad exclave sits on the Baltic […]

                                        For nearly four decades, the United States and Canada have steadily opened their economies to one another. The 1989 Canada–U.S. Free Trade Agreement, followed by NAFTA and later the United States–Mexico–Canada Agreement (USMCA), lowered barriers […]