Essays & News

    For me the most beautiful word in the dictionary is ‘tariff’ and it is my favorite word   Donald J. Trump     Mercantilism Roughly by the beginning of the 15th century, Mercantilism began to replace the medieval ideas of Universalism and dominated economic thinking more or less to the end of the […]

  While democracy is an established modern political standard in the developed world, the recent trends toward populism (both from the right and left) have caused concerns. Populism usually comes with demands for increasing various protection from the government supposedly desired by the people. Populism has gained so much traction that these days it wins, […]

    It is no crime to be ignorant of economics…But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance. Murray N. Rothbard   Take Away The lack of a prestigious academic base did not prevent Murray N. Rothbard from reaching a wide […]

  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 […]