Essays & News

On a few of F. A. v. Hayek’s activities prior, during and after WWII. Based on my conversations with F.A. von Hayek (1969-1991 and research in the Hoover Institution’s Archives (HIA), this short essay touches upon just a few of von Hayek’s many efforts to fight Nazism and to revive the tradition of the Austrian […]

Challenges by the Global South will change the power game. The first weekend of June brought another session of the top security summit in Asia, the Shangri-La Dialogue. The Chinese Minister of Defense Li Shangfu and the United States Secretary of Defense Lloyd Austin spoke there, playing the usual blame-dodging game and warning against the […]

  There is no art which one government sooner learns of another than that of draining money from the pockets of the people. Adam Smith Today Adam Smith’s reputation rests on his explanation of how rational self-interest in a free-market economy leads to economic well-being. It may surprise those who would discount Smith as an […]

Ralph Malisch wrote this excellent piece summarizing the XVII Gottfried von Haberler Conference in Smart Investor. For all who missed the opportunity to attend our key event this year, we republish the material. Central Bank Digital Currencies (CBDC) were the main focus of the discussions in 2023.

History shows that various monetary and exchange rate regimes can work well or poorly, depending on the countries’ circumstances and policies. Very similar beginnings but many different outcomes today – that is how one may sum up the history of monetary and exchange rate policy in the postcommunist countries of Central and Eastern Europe. Yet […]