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The Alternate Universe of Anti-Capitalist Coronavirus Experts

The COVID-19 epidemic becomes a pretext for critics of capitalism to once again castigate “neoliberalism.” The survival of the free market economy and the renewal of small government is essential, especially now.

Defend Globalization!

For critics of globalization, the matter is clear: it is the main culprit of the Coronavirus epidemic. On the contrary, globalization is particularly helpful in this context, among other things because it reduces regional dependencies.

The Interest Rate Reversal Has Ended: What’s Next?

Another recession is very likely. For the first time it will not be possible to mitigate it with further interest rate cuts. Previously unknown scenarios are looming. One thing is certain: savers will need to take on more personal responsibility.

After Brexit: The EU Fears Regulatory Competition and Behaves Like an Empire

Brexit could be “perceived as a success,” as high EU officials fear. In addition, Brexit marks the beginning of a new competition for solutions that has made Europe innovative.

Provincial Government Buildings on the Meuse are depicted above, where the Maastricht Treaty (formally, the Treaty on European Union, TEU) was signed on 7 February 1992.

The Euro Illusion: From a Project of Integration to a Green Planned Economy

At first it seemed as if the new President of the European Central Bank (ECB) Christine Lagarde would simply continue the loose monetary policy of her predecessor. But now she has announced a green policy shift. This marks the beginning of a whole new act in the euro drama.

Capitalism is Good for the Poor – and for the Environment

The wealth-creating dynamic of capitalism remains widely misunderstood. Few know that it is also the solution to our environmental problems. The imbalance of capitalism today, on the other hand, is caused by politics.

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Young entrepreneurs and the challenges they face

Economist and young entrepreneur Agostina Lorenzini talks about the challenges facing young entrepreneurs and about practical issues concerning product price and costs.

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Crony Capitalism: Feature or Bug?

“Crony capitalism” – the entanglement of big business and big government – is not the capitalism of the free market. Kishore Jayabalan (Acton Institute) provocatively asks whether it is inherent in capitalism.

Philipp Bagus: “The Fear of Deflation Is Unfounded”

Many economists, policymakers, and central banks are afraid of deflation. Generally speaking, they do not even distinguish between different causes of price deflation—i.e. between price deflation caused by growth and price deflation caused by contractions in credit. In this interview, the economist Phillipp Bagus says that these fears of deflation are misguided.

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The environment, free markets and Catholic social teaching

Philip Booth (St. Mary’s University) at the Austrian Academy points out that the more natural resources are in private hands, the more environmentally friendly they are used.

Market Capitalism and Christian Social Ethics: A Contradiction?

Capitalism and free markets are widely considered to be incompatible with Christian social ethics. At a closer look, however, market capitalism turns out to be the economic order most consistent with the basic principles of Christian ethics.

The Ethics of the Market Economy: A Critical Appraisal of Ludwig von Mises’ Utilitarian Interpretation (Academic paper)

Mises’ interpretation of market capitalism is flawed. In truth, Mises is best interpreted in a non-utilitarian way.

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