On the Abuse of Monetary Policy
The euro has been a political project since its inception. That is why the independence of the European Central Bank was also in danger from the outset. In the end, it always came down to the alternative “Cambridge or Vienna” or, rather, “Keynes or Hayek.” The option for Keynes led to an increasing politicization of monetary policy in the European Monetary Union.
Freedom of Expression and Democracy: Opening Lecture at the Students for Liberty Regional Conference
Freedom of expression is a fundamental right without which a free and democratic society cannot exist. We all grew up in this culture of freedom. But Political Correctness and conformism endanger it.
On Our Own Behalf: The Austrian Institute introduces itself
In 1949, Friedrich August von Hayek—one of the most important representatives of the Austrian School of Economics—said in an essay entitled “The Intellectuals and Socialism”: “What we lack is a liberal utopia…a truly liberal radicalism which does not spare the susceptibilities of the mighty…