Essays & News

  Sovereign wealth funds have gained attention as governments increasingly rely on them to manage public assets. In the past decade, their total assets have doubled, growing from $6.7 trillion in 2014 to $12.7 trillion in 2023. If the combined sovereign wealth funds were a country, it would be the world’s third-largest economy, trailing only the […]

  Advocates of digital money, such as cryptocurrencies, have been pushing hard to play a pivotal role in how the global economy works. Reaching this goal has been challenging. High-profile failures of cryptocurrency platforms like FTX and Terra Luna (an algorithmic stablecoin that collapsed), coupled with stricter regulations from governments worldwide, have slowed progress. Still, a new sense of optimism is […]

  Ein Versuch, Freiheit „von oben“ voranzutreiben Preußen müsse sich auf „das dreifache Primat der Waffen, der Wissenschaft und der Verfassung“ gründen. Feldmarschall August Wilhelm Graf Neidhardt von Gneisenau (1760-1831) brachte so den Inhalt der Preußischen Reformen auf den Punkt. Dass ein Land von oben umgebaut – ja sogar befreit – werden kann, zeigen diese […]

  United States President Donald Trump and Vice President J.D. Vance clashed openly with Ukrainian President Volodymyr Zelenskiy in the Oval Office last week. Mr. Zelenskiy insisted that Russia would not honor any agreement – an obvious point – in a bid to secure concrete security commitments from Washington. President Trump lost patience, the exchange grew heated […]

  The prominence of free trade as a guiding principle in shaping relationships between countries has steadily diminished since the end of the Cold War. Instead, geopolitics has begun to regain its influence. This shift has major implications for global economies and consumers as nations impose trade restrictions such as unilateral sanctions and export controls. […]