The common currency was a gigantic economic experiment, an application of political preferences rather than the product of sound scholarly research. As is always the case with grand government plans, for every problem they solve a new one is created.
President Trump is no longer considered guilty of having caused the storming of the Capitol. He is now being accused of not having stopped it. This is not a shift in the nuance of the narrative regarding his role: it is a substantial retreat.
One of the fundamental laws of government powers is that they always invite mission-creep expansion. Laws that begin their lives as benevolent instruments for the common good can easily morph into tools of power for the sake of power itself. As the EU Commission finalizes its proposal for a Single Market Emergency Instrument, the citizens of the EU are well advised to keep themselves informed of that proposal.
The British economy has been largely unaffected by its exit from the European Union. That is not to say there will not be other repercussions; there is an ongoing debate about the future of the financial industry in London, with the implication that the British capital may lose its status as a global hub for the financial industry.
Once countries with costly governments have created a Berlin Wall around their high-tax jurisdictions, they will be free to collude on other taxes beyond the corporate income tax. Personal income taxes, wealth taxes, death taxes… there is no end to the imagination of a government that does not have to worry about tax competition.
Central banks are recognizing that their own sustained monetary expansion has now awoken the sleeping giant of inflation. The goal now is to avoid trapping us in the same protracted inflation period we experienced 40 years ago.
Already before Boric takes office in March next year, there are troubling signs that he may lead his country far and fast down the same road that Venezuela took under Hugo Chavez.
Growing capital formation and a rising standard of living are irrefutable evidence of how the Hungarian government is successfully putting its conservative values to work. With a distinctly conservative welfare state, Mr. Orbán has led his country out of a demographic slump. Marriage and birth rates are up noticeably, which is precisely what the Hungarian government was aiming for.
How could an ‘innocent’ citizens’ initiative for democracy bring about powers of government that would pose any threat to our freedom? To answer this question, we first need to remember that freedom is not only lost to boots and bayonets. We can, actually, vote away our own freedom. By giving up our rights to government, small slices at a time, we can lose control over our lives just as definitively as if it happened through open oppression.
There is an ethical case to be made against vaccine mandates. It is far from straightforward, and it requires careful reasoning and methodical analysis. This conversation would be centered around the question about the role of government in our lives.
President Macron wants the EU to reform budget rules to increase public-sector investments, which, he hopes, would lead to stronger economic growth and higher levels of employment. Macron’s vision is understandable, but his reforms are likely to defeat their own purpose.
As a sovereign country, Ukraine is in its full right to make whatever constitutional reforms it sees fit. Their right to independence is as strong as is Russia’s right to national security. If one is weighed against the other, national sovereignty always wins.
