Tag Archives: 6b) Austrian Economics

As Covid-19 continues to rage throughout Europe, China and Russia seem to be giving the European Union lessons in soft power on its home ground. EU members and countries nearby are turning to Beijing and Moscow for additional supplies of Covid-19 vaccines, faced with rising discontent at the slow rollout of the EU’s own vaccination strategy, supply shortages, delivery bottlenecks, poor communication and concerns about vaccine safety. China’s vaccine deliveries...

Among the many problems originated by the Covid 19 pandemic, one of the most important is the resurgence of the anti-vaccine movement. Conspiracy theories, ridiculous arguments and unfounded accusations have given renewed fuel to one of the most anti-scientific and destructive trends we have ever seen. The nefarious contemporary anti-vaccine movement originated at the behest of a paper published in 1998. Former physician (his license has since been revoked)...

by Blerim Reka The business of fighting Covid-19 is now estimated at around $150 billion. As of March 2021, 354 million vaccine doses have been delivered – 90 percent of them to countries that are home to only 10 percent of the world’s population. If 65 to 85 percent of people have to be vaccinated to reach global immunity, then it is unlikely to happen this year. By the end of February 2021, 140 states had yet to see their first shipment, Kosovo among them...

The coronavirus has dominated all of our lives in recent months. Radical paths were taken by politicians in the form of lockdowns to contain the pandemic. But we should recognize that even if the coronavirus is a (major) challenge for us, we always have to keep a holistic view of world events. Just as there are epidemiological factors to consider in this crisis, there are also economic, social, cultural, political and other health factors at play. It is...

The coronavirus has dominated all of our lives in recent months. Radical paths were taken by politicians in the form of lockdowns to contain the pandemic. But we should recognize that even if the coronavirus is a (major) challenge for us, we always have to keep a holistic view of world events. Just as there are epidemiological factors to consider in this crisis, there are also economic, social, cultural, political and other health factors at play. It is precisely...

The coronavirus has dominated all of our lives in recent months. Radical paths were taken by politicians in the form of lockdowns to contain the pandemic. But we should recognize that even if the coronavirus is a (major) challenge for us, we always have to keep a holistic view of world events. Just as there are epidemiological factors to consider in this crisis, there are also economic, social, cultural, political and other health factors at play. It is...

The severest crisis the European Central Bank (ECB) ever faced coincided with the early days of a new Executive Board. Over the past year and a half, the board’s six members, including the ECB’s president and vice president, have all been replaced, either because they resigned, or because their eight-year mandate expired. New team By order of appointment, the new board consists of: Luis de Guindos, who replaced Vitor Constancio as vice president in June 2018...

The idea of socialism is still alive and well in 2021. Looking at the progressives on the fringes of the Democratic Party – the likes of Bernie Sanders and Elizabeth Warren, one might think they are the real culprits keeping the idea alive. Yet, just looking at the 2020 Democratic Party presidential debates, we can see just how alive socialism truly is. Almost all candidates promised ‘free’ stuff and demanded centrally planned solutions to practically all...

The Covid-19 pandemic has disrupted transportation worldwide, sending shockwaves across supply chains, lowering demand and reducing revenue. Shipping and aviation especially experienced a steep financial decline. Companies have had to operate at limited capacity and growth prospects have dropped sharply. According to the World Trade Organization, global maritime trade volumes declined by approximately 10 percent in 2020. The International Civil Aviation...

by Daniel Mitchell While I freely self-identify as a libertarian, I don’t think of myself as a philosophical ideologue. Instead, I’m someone who likes digging into data to determine the impact of government policy. US Consumer Goods and Services, Wages Price Change, 2000 - 2020 - Click to enlarge And because I’ve repeatedly noticed that more government almost always leads to worse outcomes, I’ve become a practical ideologue. In other words,...