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.
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.
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?
“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.