Essays & News

  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. […]

400 Jahre ökonomische Ideengeschichte in Europa. Von Descartes über Menger und Boltzmann zu Hayek. Werner Tabarelli Noch um 1500 verkündete der Prediger Geiler von Kaysersberg den unveränderlichen Willen Gottes von den Kanzeln:   Friede macht Reichtum, Reichtum macht Übermut, Übermut bringt Krieg, Krieg bringt Armut, Armut macht Demut und Demut macht wieder Frieden.   An […]