English

A few years ago, China treated North Korean leader Kim Jong-un as a supplicant and the country itself with benign neglect. North Korea has enormous economic problems, and Mr. Kim’s megalomania has made the country a pariah on the global stage. It was only through the brazen testing of missiles and nuclear saber-rattling that Pyongyang […]

  Election campaigns in the United States can often have a more disruptive impact on foreign policy than the candidate who wins. The president’s discretion in international relations is constrained by political realities. Yet, during the race, incumbents make decisions deemed necessary in case of defeat and take actions aimed at swaying voters. The ongoing […]

The subtitle of this essay has been borrowed from Terry L. Anderson’s conference on ‘Markets vs. Mandates. Promoting Environmental Quality and Economic Prosperity’, Hoover Institution, Stanford University, Jan. 30, 2023. Permission granted. Take Away The scarcity of means to satisfy given ends is an omnipresent condition of life and all conscious human actions profoundly affect […]

Javier Milei, Argentina’s new president and an economist, presented his free-market agenda at the World Economic Forum in Davos, Switzerland. He urged global leaders to shift away from socialist, centralized and planned economies with bloated governments and again to embrace market-driven systems and transparent governance. His country’s unending drama underscores Mr. Milei’s radical reform argument. […]

  On Friday at night I mount the skis on my car and then I go To the Stubaital or Zell am See Because there on the mountains above there’s always plenty of snow… Because I want to go skiing! Because skiing is the most fun of all (= “leiwandste”)! Wolfgang Ambros, Schifoan   “Schifoan”(= […]