People respond to incentives, not to mandates or regulations. Gary S. Becker   Take Away While Paul A. Samuelson (Nobel Prize 1970), Milton Friedman (Nobel Prize 1976), or George Stigler (Nobel Prize 1982) probably exercised a greater sway on practical economic policy, Gary Becker expanded the scope of economics as a science like no […]

  With dollarization discarded in the short run, the world is eagerly watching Milei’s initial steps as the new president of Argentina. Milei took office in December with a yearly inflation rate of 211 percent (yes, you read that right). Despite the lack of robust monetary reform, Milei’s government managed to reduce the inflation rate […]

  All the new criticisms of capitalism are old ones repackaged as stunning new insights. Robert Hessen   Take Away Alongside Leonard P. Liggio, Murray M. Rothbard and Isreal M. Kirzner, Robert (Bob) Hessen belonged to the 5th generation of the Austrian School of Economics, which was mainly active in the USA. After receiving his […]

  Nippon Steel—Japan’s largest steelmaker—has offered to buy U.S. Steel for $14.1 billion, and all the people who count are frothing at the mouth. For example, President Biden has stated: “U.S. Steel has been an iconic American steel company for more than a century, and it is vital for it to remain an American steel company […]

The European Court of Human Rights (ECHR) last week found Switzerland in violation of human rights in a ruling for “KlimaSeniorinnen,” a group of elderly Swiss women concerned about the climate. The plaintiffs claimed that every individual is owed protection from the state against the damaging consequences of climate change to their health, well-being and […]

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