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Challenges by the Global South will change the power game. The first weekend of June brought another session of the top security summit in Asia, the Shangri-La Dialogue. The Chinese Minister of Defense Li Shangfu and the United States Secretary of Defense Lloyd Austin spoke there, playing the usual blame-dodging game and warning against the […]

  There is no art which one government sooner learns of another than that of draining money from the pockets of the people. Adam Smith Today Adam Smith’s reputation rests on his explanation of how rational self-interest in a free-market economy leads to economic well-being. It may surprise those who would discount Smith as an […]

History shows that various monetary and exchange rate regimes can work well or poorly, depending on the countries’ circumstances and policies. Very similar beginnings but many different outcomes today – that is how one may sum up the history of monetary and exchange rate policy in the postcommunist countries of Central and Eastern Europe. Yet […]

This video is a recording of Nicolás Cachanoskys’s presentation at the XVII Gottfried von Haberler Conference in Vaduz, Liechtenstein, on May 12, 2023. Nicolás Cachanosky is an Associate Professor of Economics and Director of the Center for Free Enterprise at the University of Texas at El Paso. Check the program and other guests’ topics here: […]

The difference between Central Bank Digital Currencies and cryptocurrencies in general and Bitcoin, in particular, is explained by the former’s very name. As opposed to Bitcoin’s intended privacy and decentralization, a CBDC is designed to be subject to Government surveillance and is issued by a central authority. It is, therefore, an anti-Bitcoin.