Society

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Global Demography, Fiscal Collapse, Government Spending and Debt

AUSTRIAN ACADEMY 2023: Demographic changes and increasing public sector over-indebtedness are making the welfare state increasingly unfinanceable. Can such fiscal overstretch be sustainable? A stocktaking from a British perspective.

The Political Morality of Freedom: The Liberal Legacy of the French Revolution in the “Atlantic” Perspective

The French Revolution was a complex historical event, and its intellectual foundations were likewise complex. It is a mistake to reduce it to the Jacobin terror. It was a liberal revolution whose ideals sprang from the Anglo-Saxon legal tradition.

American Economist, Peter Boettke: Socialism or Liberalism? Economics Has the Answer

In his lecture in Vienna, U.S. economics professor Peter J. Boettke emphasized that the world is at a crossroads. Only capitalism is a viable path for humankind to flourish.

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Peter J. Boettke: Capitalism, Socialism and Our Future

The video of the event on May 8 at the “Haus der Industrie” (Vienna) with Peter J. Boettke, who spoke on the topic “Capitalism, Socialism and our Future”. It was followed by a conversation with Prof. Dr. Hansjörg Klausinger from the WU-Vienna.

Our Credit-Financed Monetary System: A Risk to Freedom and Prosperity

Vulnerable book money and the state’s fight against cash: Our monetary system is fragile, and central banks have proven unreliable. Are there alternatives to the prevailing credit money?

A Society Living on Credit Creates Inflation and Financial Crises

A new financial crisis is on the horizon. The culprit is not a lack of regulation, but our monetary system that is based on credit, and a society that lives at the expense of the future.

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.

EU Taxonomy: The Road to a Green Planned Economy

With its so-called taxonomy, the European Union is planning an economic structure that will be characterized by bureaucracy and malinvestment. The drastic consequences for productivity and prosperity will only gradually become apparent.

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?

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.

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.

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