Economy

“Stimulating the economy”—the destructive standard remedy promoted by the statist economists

Should the State enhance the “aggregate demand” through stimulation? Followers of Hayek still have very good arguments against that proposal, but the politicians love Keynes . . .

How the French state eats up the well-being of its people

The billions spent by the European Central Bank are not going to save the labor markets of Italy and France. This is proven by figures from the everyday business world. 

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.

The Entrepreneur’s Responsibility Is to Succeed as an Entrepreneur

From a “man of the church” one usually expects (besides friendly praise for the work of the entrepreneur) the admonition that entrepreneurs should not merely strive for profit, but always

Bank Regulation—More Harm than Good

For years there has been growth in the regulation of the financial market, especially of banks. The high regulatory burden is ill-suited for the complex nature of reality. In the end, it is the taxpayer who pays the bill.

How Much State Does a Just Society Need?

The title question I was asked, “How much state does a just society need?” assumes that a just society requires a superior power—the state. The question is about “how much

Inequality is Shrinking: Branko Milanović Disagrees with Oxfam

Every year the Oxfam report makes sensational headlines. The tenor: global inequality is increasing. 26 billionaires would own as much as the 3.8 billion poorest people in the world. Leading inequality specialist Branko Milanović unmasks Oxfam’s alarmism as misleading.

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.

Heed Not the Climate Populists

In the climate issue, science and politics are constantly being mixed up. This is dangerous and undermines the credibility of research results. A Nobel Prize for Greta Thunberg would be ridiculous.

The Labor of Capital: How Wealth is Created

The Catholic Church’s mistrust of free entrepreneurship is an old phenomenon. At its origin is the idea of antagonism between “Labor and Capital”, rooted in the influence of Marxist doctrine. It is time to leave this misleading dichotomy behind.

The Market and Morality: Is the Market Moral?

Individual morality (and that of small groups) differs from the morality of large systems. It is important to have good social rules that are applicable to all, and which create the right incentives for responsible economic and political behavior.

Elon Musk’s Reach for the Stars: Why Eccentric Entrepreneurs Also Benefit the Rest of Us

Elon Musk might rub some people the wrong way, but this eccentric entrepreneur has accomplished some things that many believed were unlikely or even impossible. And ultimately society has benefited.