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  This material was published as part of our “Publish with Us” series.  Abstract This article examines the economic costs of inflation from the perspective of the Austrian school of economics, emphasizing its redistributive effects, distortion of relative prices, and disruption of economic calculation. Inflation redistributes wealth, benefiting early recipients of new money while disadvantaging […]

  They charge us, we charge them, we charge them less. So how can anybody be upset? They will be, because we never charged anybody anything. But now we’re going to charge. Donald J. Trump   In a rather pompous fashion, with great fanfare and with his most loyal entourage attentively sitting in the audience, […]

  H.S.H. Prince Philipp von und zu Liechtenstein (LI) is a resident of the Principality Liechtenstein. He studied history and social sciences at the universities of Bonn and Basle. Prince Philipp joined the LGT Bank in Vaduz as Vice Chair of the Board of Directors in 1981. Since 1990 he chairs the Foundation Board of […]

  Wanjiru Njoya (UK/KE) is a native of Kenya and earned her Ph.D. in Law from Cambridge University (UK) where she was a Rhodes Scholar at the university’s St. Edmund’s College. Prof. Njoya currently works as the Walter E. Williams Research Fellow at the Ludwig von Mises Institute, a think tank in Auburn (AL). She […]

  H.S.H. Prince Michael von und zu Liechtenstein (LI) is a resident of the Principality of Liechtenstein. He studied economics and business administration at the Wirtschaftsuniversität Wien and graduated with a Master Degree in Business Administration (Magister der Sozial- und Wirtschaftswissenschaft). His studies included also various practical training periods and work with banks and manufacturing […]