Essays & News

While the U.S. and the euro area appear to have avoided the worst, much depends on how central banks will react to unanticipated news in the coming months.   Inflation is still high, but under control – or so the world of business and financial markets believes. In the euro area, year-on-year consumer prices rose […]

The EU’s latest AI draft legislation risks stifling innovation in Europe and opens the door to misuse by governments. The European Parliament has recently endorsed preliminary legislation referred to as the AI Act, geared toward the regulation of artificial intelligence. Much like the financial industry’s regulations, this legislation adopts a “risk-based approach.” This method prioritizes areas […]

   … ein äusserst kunstreich erdachtes, mit fablehafter Kombinationskraft in zahllosen Gedankenetagen aufgebautes, mit bewundernswerter Geisteskraft zusammengehaltenes  –  Kartenhaus. Eugen von Böhm-Bawerk (1851-1914)   Take Away Although pushed into the wastebin of economic theories more than 100 years ago, Marxism much more than any other ‘ism’, is liable to recurrent fads and the periodic rediscovery […]

The British public has grown disappointed with Brexit’s consequences. Given the disingenuous national debate leading up to it, the fiasco is not a big surprise. Brexit formally came into effect in February 2020, some 27 years after the United Kingdom entered the European Communities (the European Union’s predecessor) and less than four years after the […]

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 […]