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  Advocates of digital money, such as cryptocurrencies, have been pushing hard to play a pivotal role in how the global economy works. Reaching this goal has been challenging. High-profile failures of cryptocurrency platforms like FTX and Terra Luna (an algorithmic stablecoin that collapsed), coupled with stricter regulations from governments worldwide, have slowed progress. Still, a new sense of optimism is […]

  United States President Donald Trump and Vice President J.D. Vance clashed openly with Ukrainian President Volodymyr Zelenskiy in the Oval Office last week. Mr. Zelenskiy insisted that Russia would not honor any agreement – an obvious point – in a bid to secure concrete security commitments from Washington. President Trump lost patience, the exchange grew heated […]

  The prominence of free trade as a guiding principle in shaping relationships between countries has steadily diminished since the end of the Cold War. Instead, geopolitics has begun to regain its influence. This shift has major implications for global economies and consumers as nations impose trade restrictions such as unilateral sanctions and export controls. […]

  I set out to become the greatest lover in Vienna, the greatest horseman in Austria, and the greatest economist in the world. Alas, for the illusions of youth: as a horseman, I was never really first-rate. Joseph A. Schumpeter   Take Away Joseph A. Schumpeter is considered one of the most influential social scholars […]

  If it is the rule of the game that two persons may dispossess a third who must submit to being dispossessed, the rule is unjust. Anthony de Jasay Take Away Based on a solid epistemology, the main aim of Anthony de Jasay’s philosophical work was to reformulate political and economic liberalism. His writings offer […]