Delusions of Omnipotence and Shifting Backdrops: USA and EU Launch Giant Industrial Policy Programs
The USA and the EU have recently been in a subsidy race—industrial policy by bureaucrats. The innovative forces of the market are being undermined and the inefficiency of these measures is predictable.
Socially Unjust Inflation: Why Recessions Are Inevitable and Salutary
Inflation is profoundly socially unjust. Its causes lie above all in an expansionary monetary policy, and this must be stopped. If policymakers want to prevent the inevitable recession that will follow, they will only make the problems worse.
Leviathan Wobbles and Wavers—But the Citizens are Ultimately Responsible for It
In Germany, there is a growing gap between the inflation of the state apparatus and its ability to fulfill its tasks. Politics suffers from political fantasies of omnipotence and constitutional ignorance. Who is to blame?
Green Climate Policy: Moralism, Ideology and Dirigisme
The Greens are painting a picture of environmental and climate apocalypse. In this way, they try to moralize the debate and present themselves as the advocates of the good. On closer inspection, their program turns out to be ideological wishful thinking that eschews capitalism and the market economy.
The Universal Destination of Goods and Private Property: Is the right to private property only a “second-tier” natural right?
Did the rich get rich by robbing the poor? Theology and Catholic social teaching have long known that wealth generation is not a zero-sum game, but a process from which everyone benefits.
Economic Liberalism Is Not Social Darwinism: From Adam Smith to Charles Darwin
A hundred years before Darwin, the economist and philosopher Adam Smith discovered that, thanks to the division of labor, the most skilled workers and enterprises prevail, not simply the ones with more brute strength. Darwin was significantly influenced by this idea.
The Primacy of Politics and the “Other” Socialism
The “primacy of politics” over the logic of the economy is repeatedly and categorically demanded. Insofar as such efforts undermine the private property-based power of disposition over the means of production, it is the first step in the direction of the “other socialism.”
Thinking Economically: Only the Market and the Logic of Exchange Create Prosperity
Economics is not a zero-sum game. In exchange, both sides always benefit. Exchange is the soul of the market and creates added value, and does so in a way that benefits everyone involved. A plea for economic enlightenment.