Essays & News

  Philipp Bagus (ES/D) is a native of Germany. He earned his M.A. at the University of Münster (D) and his Ph.D. in economics at the Universidad Rey Juan Carlos in Madrid (ES). Currently he works as Prof. of Economics at the Universidad Rey Juan Carlos. Prof. Bagus’ specializes in Austrian Economics with a focus […]

  Last weekend, we heard much contradictory messaging from Washington and Tehran regarding a possible settlement, at least a temporary one, to the conflict. However, no agreement materialized. The United States wants to end the war with Iran, but not at any price. A rapid and decisive regime change appears difficult to achieve. At a […]

Heterogeneous effects across bank types written by Karl-Friedrich Israel, Moritz Pfeifer, Tim Sepp , and Benjamin Treitz.  May 25, 2026 Monetary policy changes the stability of German banks differently based on their ownership and business goals. Existing literature shows that monetary policies stabilize markets but can also encourage institutions to take higher risks. Using monthly balance sheet data […]

  “Educate and inform the whole mass of the people … They are the only sure reliance for the preservation of our liberty”.  Thomas Jefferson (1743-1826)   Take Away The Declaration of Independence is a document created not around personalities or political passions, on the contrary it commenced around the enduring liberal key principles: Limited […]

  In March 2022, when Prince William and Princess Kate arrived in the Bahamas, their airport motorcade did not feature the usual Jaguars or Rolls-Royces. Instead, it consisted of BYD Tang vehicles.Chinese electric vehicles have moved to center stage at auto shows worldwide. The shift has been striking enough that Jim Farley, chief executive of […]