Essays & News
The US House of Representatives recently passed a bill to prohibit the Federal Reserve from issuing a Central Bank Digital Currency (CBDC) without explicit congressional authorization. Some representatives, including Majority Whip Tom Emmer (R-MN), believe a CBDC would pose significant risks to financial privacy. While the concern is certainly warranted, the government’s already-existing ability to […]
Providing personal freedom, security and prosperity for the people is the duty of any political leadership. Free people in a prosperous and secure environment are what make a country or a region great. This is exactly what Hungary means with its motto “Make Europe Great Again.” For the six months from July 1 onward, Hungary […]
Yes, the rally in the “Magnificent Seven stocks” – the “Mag 7” – has been impressive. No, the rally is not over yet. Yes, this is a bubble – the “AI-bubble”. And yes, the AI-bubble will end badly for many, many people. The only question is when. The phrase “this time is different” was, […]
On June 13-15, Italy hosted the G7, a summit of the heads of state and government of the traditional industrialized countries: Canada, Germany, France, Italy, Japan, the United Kingdom and the United States. All leaders were present, and the event was hosted by Italian Prime Minister Georgia Meloni. The meeting was unusual because of one noteworthy feature. […]
Over the past decades, Western governments have frequently been at loggerheads with big business. Officials argue that efficiency requires tech companies to spread high fixed costs on large quantities of output to exploit significant economies of scale. This situation, they claim, makes it difficult for new firms to enter the market. Thus, lack of […]