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 A Lesson in Non-Reform

Is the future of Europe at stake in Paris these days? The country seems to be unable to rectify its deficit trajectory, endangering the European Union, given its size. The European Commission recently put France under close watch. With a soaring debt at 94 percent of GDP, record unemployment levels and a share of public spending in the GDP at a staggering 57 percent, the country has clearly become the sick man of Europe.


BonoOn July 15 2013, Bono, the Irish rock star, lead singer for U2, and international human-rights activist, was made Commander of the Order of Arts and Letters of the French Republic. Perhaps he could take the opportunity to teach the French Parliament a lesson in sound economics. The Parliament is discussing yet another socialist law, this one to bar profitable companies from closing factories...

Topple the Leftover Lenins

Events in Ukraine remind us of what the West takes for granted and the East has worked so hard to achieve. Personal liberty, the rule of law, and a society organized according to voluntary cooperation are not boring givens of everyday life, but ideals for which people are willing to take to the streets.

World Day for the eradication of poverty

October 17 marks the World Day for the Eradication of Poverty. The fight for this noble cause, however, should not be reduced to a call for more international aid for the countries known as “poor”, as is usual. Indeed, poverty, especially in Africa, is primarily the result of misguided public policies that prevent the creation of wealth for the vast majority of the population. Thus, to “eradicate” misery should be essentially to “eradicate the eradication of wealth creation” i-e refuse more or less deliberate policies of economic exclusion.

Ronald Coase (1910-2013)


Economist Ronald Coase (1910-2013), Professor Emeritus at the University of Chicago Law School died on September 2 at the age of 102. His whole career can be summed up by the struggle against “blackboard economics”, that is economic theory far remote from the actual essential economic process of real life....  

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