Essays & News

  2023 will be remembered for its tumultuous wars and fervent activism, yet it was marred by a wide lack of outcomes, potentially rendering it a “lost year” in history. The tension between Western powers and their adversaries, China and Russia, persisted without fundamental shifts despite lots of strategic maneuvering. Conflicts in Ukraine, the Middle East, the Horn of Africa and the Congo trudged on unabated. In the welfare […]

  The European Union’s Carbon Border Adjustment Mechanism tariff (CBAM) aims to integrate climate action with trade regulations, but the approach is not without potential repercussions. On October 1, 2023, the first transitional phase of CBAM came into effect. For now, it will only apply to certain goods: cement, iron and steel, aluminum, fertilizers, electricity and […]

Over the past 25 years, total government debt in the United States has increased significantly, from about $10 trillion in 2008 to about $33 trillion in 2023. That is a 130 percent rise, net of consumer price index inflation. The size of the economy has certainly grown as well, but not enough to offset the […]

  Eines der versprechendsten grossen Bücher, die einen Neudruck verdienen würden, ist wahrscheinlich von Mises’ Nationalökonomie. Theorie des Handelns und Wirtschaftens (1940). Durch sein Erscheinungsdatum ist es in Deutschland praktisch unbekannt geblieben, aber doch die einzige Version, in der Mises’ eigene Sprache erhalten ist. Friedrich A. von Hayek* Take Away Ludwig von Mises’ grosse Leistung […]

Take away Due to its liberal constitution of 1853 and dependable noninterventionist policies between the 1860s and the end of WWI, Argentina enjoyed its most prosperous period yet.  By 1913 Argentina was a free market-oriented powerhouse and ranked among the world’s ten richest countries per capita with an advanced educational system and a comparatively well-developed […]