Essays & News

  Reversing populist legacies requires more than winning an election — or changing the policies. It requires rebuilding the institutions that populism spent years dismantling.   Elections end governments. They do not always end what those governments built. A previous post documented how populist rhetoric falls sharply when a populist government leaves office, while the economic and […]

  Recently, rumors have circulated about a new wave of mobilization in Russia. The war between Ukraine and Russia is intensifying. Ukraine has successfully struck military targets and infrastructure deep inside Russian territory, causing significant damage. Meanwhile, the Kremlin is pressing harder on the front lines and appears prepared to accept heavy losses. The war […]

1. What is productivity according to the Austrian School of Economics? The Austrian School of Economics views productivity as the successful alignment of subjective consumer demands with efficient, time-structured production. It rejects aggregate statistical averages, emphasizing instead that true productivity arises from entrepreneurial innovation, capital investment, and time preference (the decision to save rather than […]

  Prediction markets such as Polymarket and Kalshi have evolved rapidly and transformed from niche entertainment tools to major platforms that aggregate expectations on global events. With trading volumes reaching tens of billions of dollars monthly in 2026, these markets now function as real-time indicators for politics, economics and armed conflict. As polarized narratives and […]

  A few weeks ago, the United States and Iran signed a memorandum of understanding, but there was little reason to expect it would produce a lasting solution. The agreement satisfied neither side. As noted three weeks ago, launching Operation Epic Fury was the right decision, but ending it prematurely could prove a fatal blunder. […]