Essays & News

  Let us be honest and joyful as the new year begins. There is plenty of good news. True progress is driven by free individuals collaborating and competing, nurturing hope and joy. Anxiety, pessimism and envy are tools used to stifle freedom, turning confident, self-responsible citizens into obedient, mediocre subjects. Of course, not everything is […]

  French sovereign bonds are currently trading at yields comparable to those of Greek bonds. Although France’s bonds are still rated higher than Greece’s, they are edging toward the lowest investment-grade level. The unfavorable ratings are deserved: They are based on economic and fiscal realities. In fact, French bonds are still overrated; some might consider […]

   Defining of the public interest is always very, very difficult.   Sir Keir Starmer, currently Prime Minister of the UK and leader of the UK Labor Party   Take Away The ubiquitous concept of the Public Interest, if it can be defined at all, serves as the fundamental criterion for establishing the legitimation of […]

  The issue of peso appreciation in Argentina has been a growing concern since the beginning of the new government. The current monetary policy has chosen a monthly depreciation of 2% of the exchange rate in the face of inflation that has not yet converged to those levels. From the beginning, this spread has raised […]

    The theory of economic equilibrium is Walras’ claim to immortality, that great theory whose crystal-clear train of thought has illuminated the structure of purely economic relationships with the light of one fundamental principle. Joseph A. Schumpeter It is only the passionate pro-socialist zeal of mathematical pseudo-economists that transforms a purely analytical tool of […]