Essays & News

  In early 2025, inflation was about 2.8 percent both in the European Union and in the United States, barely making headlines. Until mid-March, most commentators were predicting that in the following months the figure would drop further to about 2.5 percent. Everything seemed to be under control. Very few noted that the rates were […]

  Nowhere is freedom more important than where our ignorance is greatest – at the boundaries of knowledge, in other words, where nobody can predict what lies a step ahead. Friedrich A. von Hayek (1899-1992)   Take Away Published in 1960, on the 100th anniversary of J. St. Mill’s essay ‘On Liberty’, Friedrich A. von […]

It appears that a ceasefire in the Russia-Ukraine war is drawing near. The most likely demarcation line will hew closely to the current front. Genuine peace talks remain distant – the two sides are far apart. Kyiv still clings to the goal of restoring the country’s pre-2014 borders, while Moscow wants formal control of Crimea and the entire Donetsk, […]

Since 2014, bilateral trade between the EU and the U.S. has practically doubled. According to the European Commission, it reached 1 trillion euros for the first time in 2024. While trade flows have risen, the trade balance in favor of the EU has ballooned. Last year, the bloc exported 532 billion euros to the U.S., […]

  The system of protection, as much as it forms the only means of placing those nations which are far behind in civilization on equal terms with the one predominating nation, appears to be the most efficient means of furthering the final union of nations, and hence also of promoting true freedom of trade. Friedrich […]