Freedom Works in Switzerland
by Henrique Schneider In 2018, the Swiss economy grew 2.5 percent. For 2019, the Federal Expert Group for economic forecast expects it to expand…
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China in transition – From manufacturer to consumer
China is evolving from a current account surplus to deficit country Increased domestic consumption and dis-saving by an ageing population drives the trend…
Read MoreIn Defence of Free Markets
Why is it that no one defends free markets, and socialism, despite all the evidence of its failures, comes back again and again? Unsurprisingly,…
Read MoreBeing and Time (and central banks)
People value present goods more highly than future goods. For instance, an apple available today is considered more valuable than the same apple available…
Read MoreThe problem with Modern Monetary Theory
According to the Modern Money Theory (MMT), money is a thing that the State decides upon. Following the ideas of the German economist, Georg…
Read MoreThe Global Economy Desperately Needs Freedom
How many bureaucrats are there in the world? The global population currently numbers more than 7.5 billion people. Out of that number it is…
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“The Lessons of Economic History” in the European Parliament
Last month I organised the event “The Lessons of Economic History” in the European Parliament. It was kindly hosted by Professor Joachim Starbatty MEP,…
Read MoreTwo prophetic 19th century anti-socialist satires
The Marxist Left in the Labour Party and elsewhere always embraces with naïve enthusiasm new revolutionary socialist regimes, most recently the one in Venezuela,…
Read MoreBeyond GDP to a New Road to Serfdom
It is a commonplace that there is more to life than money and the material benefits that it may provide someone. We often make…
Read MoreThe Imperial Presidency Embodies Political and Economic Hubris
Historian Arthur M. Schlesinger coined the term “imperial presidency” in the 1960s. It was meant to indicate that the role of the president of…
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