Essays & News

  When Worldcoin, the biometric cryptocurrency project, launched on July 24, 2023, three years after its inception, it was met with criticism and concern in most Western nations. In quite a few emerging economies, however, the predominant sentiment was relief. This is because that is where the 2.3 million people who had already sold their […]

The United States appears unable to put forth functional candidates for the 2024 presidential election aside from Joe Biden, the incumbent who is 81 years old and showing his frailty, and former President Donald Trump, who himself is 77 years old. That makes the world wonder. European leaders are particularly concerned about the prospect of […]

  Increasing inequality is a hot topic in many developed countries, especially among younger generations. Many have suggested that higher tax rates at the top income level would solve the problem. French economist Thomas Piketty, for example, advocates for this solution not necessarily because it would increase government revenue and redistribute income, but primarily because […]

Following Sunday’s election results, Javier Milei is set to become the president of Argentina on December 10. Among other things, president-elect Milei has vowed to replace the peso with the US dollar, a policy known as dollarization. Some critics have argued that dollarization will deplete the Argentine central bank’s US dollar reserves, which would make […]

Today’s irresponsible economic policies are repeating historical mistakes, risking catastrophic consequences similar to those experienced in the past. In November 1923, a century ago, Germany’s post-war inflation reached its peak. One kilogram of rye bread was priced at 223 billion marks, and beef prices had soared past the trillion mark. Post-war Germany was facing exorbitant […]