Essays & News

  The $270 billion global copper industry has reached an inflection point in 2025. The shift toward a green, electrified, digital future has vastly increased copper demand. The industry’s annual market value is expected to reach $370 billion due to demand for new infrastructure, electric vehicles and renewable energy. Yet the industry is currently facing […]

  As you read this, 103,000 men, women, and children in the U.S. are waiting for a kidney. Last year alone, over 43,000 transplants were performed. Yet, 17 people die every day while waiting. In economic terms, we are witnessing a situation where demand far exceeds supply. However, it is not the free market that is […]

  Over the past two decades, many developments have raised questions about the role of central banks and how vulnerable they are to political pressure. It is also worth asking to what extent central bankers can influence politics, and whether such a state of affairs is desirable. In a world where national financial institutions act […]

  Since taking office as Argentina’s president in December 2023, Javier Milei has done something remarkable. He has reduced the annual inflation from 211 percent to 33.5 percent and balanced the budget for the first time in over a decade. His unexpectedly strong victory in Sunday’s midterm elections appears to validate his approach domestically, with US Treasury Secretary Scott Bessent’s announcement […]

  Prison cells are a fascinating economic laboratory, where for over a century thriving markets in goods, services, labor—and even money—have existed. Nowhere else do you find so many people craving entertainment and consumer goods, alongside so many innovative individuals willing to bend the rules to supply them. Everyday prison life also nicely illustrates how […]