Subjects

Germany’s Poverty: Imported and Homemade

In Germany’s super-election year, the eternal debate about social justice is taking on even more teeth. One-sided interpretations are used by the Greens, SPD and Left Party to justify even more redistribution. The real causes are being concealed.

No More Growth—And Happiness Is Just Around The Corner

Critics of growth call for zero growth or even “degrowth”. Their fears are based on economic misconceptions and a failure to recognize the capitalist dynamic of decoupling growth from resource consumption. Moreover, they fail to recognize the needs of poor countries.

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.

Currency Competition: The Renewed Interest in Cryptocurrencies

Only the sovereign of a liberal democratic community, the citizen, can set limits to state action. Challenging the state’s monetary monopoly through monetary competition would be one means of doing so.

The Discovery of “Capital” in the Economic Ethics of the High Middle Ages

The pioneers of modern economics were moral theologians of the Middle Ages. Petrus Johannis Olivi discovered, among other things, “capital,” the subjective theory of value, and distinguished interest from usury. He thus paved the way for a positive view of commercial activity.

Money Glut, Debt, and Rolling Central Bank Guarantees: Full Steam Ahead towards the Abyss

Central banks have become prisoners of their own policies with their perpetual monetary glut. Everyone knows this, and everyone knows that everyone knows it. But proclaiming a different message, they shirk responsibility. The party must go on at all costs.

During a Pandemic, It Is Not Protectionism that Protects, but Globalization

If you rely on domestic instead of Asian manufacturers, you replace one dependency with a new one. Dependency is reduced through diversification, which is precisely what the much-maligned globalization makes possible.

The U.S. in Decadence? The Warning Signs Cannot Be Overlooked

The United States today exhibits characteristics of decadence that historians have considered instrumental in the decline or loss of power of earlier empires. A brief analysis.

The Entrepreneurial State Stifles Creativity and Hinders Innovation

Today, people trust the state to lead us into a sustainable future. All it has to do is steer innovation in the right direction, many say. But where the planning state intervenes, creativity suffers.

Globalization: From a Christian Perspective, The Worldwide Driver of Innovation and Mass Prosperity

Globalisation is being attacked – from the left as well as from the right. But it is indispensable for overcoming poverty, as Philip Booth showed at the Austrian Academy 2020.

The (Classical) Liberal Is No Relativist but Instead Grapples with the Truth

Today, anyone who claims that all opinions are of equal value is considered tolerant. Liberals therefore often define themselves as relativists and skeptics. But this is a big misunderstanding.