Essays & News

Chinese President Xi Jinping and U.S. President Donald Trump, who lead the world’s two largest economies and most powerful militaries, are meeting this week in Beijing. Discussions focus on trade, Taiwan and other global issues, including the situation in Iran. The old rules-based world order has been eroding for some time. In the past, this system […]

  The following series of articles presents the Austrian School of economics, 1000 words at a time. Nine economists. Twenty-seven articles. One coherent tradition that the establishment has been trying to ignore for 150 years. They were right. Article 6/27 Vienna. 1919. The Austro-Hungarian Empire has just collapsed. The war has been lost. The old order […]

  The war in Iran is affecting India beyond the global oil shock and trade disruptions. New Delhi has long viewed the Middle East as part of its extended neighborhood and maintains ties with all key actors in the conflict – Iran, the United States, Israel and the Arab Gulf states. As in the Cold […]

Milton Friedman is often quoted as having said something to the effect that inflation is taxation without legislation on multiple occasions during his career (cf. for example Friedman and Friedman 1980, Ch. 9). In other words, he pointed out that inflation is a tax without democratic legitimacy. Citizens do not vote on it. Other economists […]

The following series of articles presents the Austrian School of economics, 1000 words at a time. Nine economists. Twenty-seven articles. One coherent tradition that the establishment has been trying to ignore for 150 years. They were right. Article 5/27   Vienna. March 1938. The Gestapo enter Ludwig von Mises’s apartment the day German forces march into […]