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Global Governance and Regulation

AUSTRIAN ACADEMY 2022: Experienced economist Philip Booth, formerly research director of the London Institute of Economic Affairs and now a professor at Catholic Twickenham University in London, introduces the complex issue of global-level regulation from a consistently liberal perspective.

The Inflation Problem: Short-, Medium- and Long-Term Solutions

In principle, it is the task of central banks to anticipate and combat inflationary risks. But since central banks failed to recognize inflationary pressures for a long time and then downplayed them as temporary, they can no longer contain inflation in a hurry. What solutions are feasible?

Politics Is Not about the Friend-Enemy Distinction, but a Struggle for the Rule of Law

Since Putin’s war against Ukraine, the West once again has a clear enemy. Many now recall Carl Schmitt, who saw the essence of the political in the distinction between friend and enemy. But that is too simplistic.

The ECB Faces a Predicament, the Euro an Impasse

With the now obvious failure of the ECB’s inflationary low interest rate policy, things are now also bad for the euro. The “whatever it takes” approach to saving the euro has reached a point where a reconsideration is necessary.

“Doux Commerce,” or the Peacemaking Power of Trade: Just a Dangerous Illusion?

Does trade among nations promote peace? The liberal-minded Enlightenment affirmed this under the phrase “doux commerce.” At present, however, we are witnessing how economically closely linked nations are at war with each other.

Is the West at War with Russia?

Are the costs of sanctions against Russia too high and are we ultimately harming ourselves? That depends on how we answer the question of whether it is in our own interest that Ukraine does not lose the war against Russia.

The Governments Were Financed Through by the Printing Press, And Now We Have Inflation

The rise in inflation does not fall from the sky. Inflation means general devaluation of money, not an increase in individual prices. It is the result of the money glut of the last several decades. Avoiding the dramatic consequences could make things uncomfortable.

The Left’s Blindness to History: The Benevolent View of Russia Has Proved Fatal

It is perfectly legitimate to point out the dangers of an uncontrolled escalation of the Ukraine war. Left-wing intellectuals who do so, however, have largely adopted Putin’s propagandist view. Behind it, however, lies a dangerous ideology.

Do We Need a ‘Great Reset’, or More Capitalism?

For many, capitalism needs to be reinvented. And yet it proved to be robust, innovative and enormously successful, especially during the pandemic. Thus, the idea of a “Great Reset” merely serves familiar anti-capitalist prejudices.

Inflation Is Always and Everywhere a Monetary Phenomenon, Even in Pandemic and War

Damaged supply chains and war are boosting prices, but they are not the only real cause of rising inflation. The problem is the central banks’ expansionary monetary policy.

Genocide in Ukraine? A Western-Oriented Nation’s Fear of Extinction

An overview of Ukrainian history shows why the fight against the Russian aggressor is a matter of either supporting or not supporting the continued existence of Ukraine. The accusation that this is a form of genocide seems justified in this light.

Ukraine Defends Its Freedom—And That of Russia

For years, Russian propaganda has tried to spread the narrative of NATO endangering Russia’s security. However, with his war against Ukraine, Putin is trying to thwart a free, Western-oriented Ukraine because it is a threat to his power.