Skip to Content
Skip to Content

for independent thinking

20 11 2025 – Economics & Politics

Gold, Bitcoin or Paper, which is better?

Lawrence H. White, Gunther Schnabl & Marius Kleinheyer

VIDEO. The Fed and the ECB are both facing difficult times. Is the monetary system stuck in a deadlock? And if so, do we have better money?

Our latest articles

Society & Finance

Does private equity beat stocks?

- Christof Schürmann

STUDY. Financial investors advertise high returns. Why these are difficult to achieve and what difficulties investing in private equity can entail.

 
Society & Finance

Against left-wing cultural hegemony: Identitarians, Machiavellians and Austro-libertarians

- Thomas Mayer

ESSAY. The rise of the New Left has mobilised counterforces that are now in the process of crushing it. Not all of these counterforces are likely to lead to new strength...

 
Society & Finance

Longevity – a new challenge in retirement provision

- Sven Ebert

COMMENT. We show how to successfully plan for retirement in times of rising life expectancy.

 
Society & Finance

Pension provision in uncertain times

- Marius Kleinheyer

STUDY. Germans are worried about their retirement provisions. Inflation and the economic crisis are causing them concern. In addition, the statutory pension system is in crisis. Many people are ...

 
Macroeconomics

Bringing production back home with tariffs?

- Agnieszka Gehringer

STUDY. There is some evidence showing firms repatriating their incomes in the US. However, this is unlikely to happen because of the recent tariff policies.

 
Macroeconomics

Will artificial intelligence become a growth driver?

- Sven Ebert

Comment. The AI industry is experiencing an investment boom. Will this supercharge growth?

 
Economy & Politics

France and Great Britain: ‘A Tale of Two Cities’

- Thomas Mayer

COMMENT. France and Great Britain are struggling with excessive national debt and political disaffection. But one is forced to make a virtue of necessity, while the other is tempted into inaction.

 
Economy & Politics

Reorganisation of the global economy - Nationalism and constructivism on the rise

- Norbert F. Tofall

COMMENT. Nationalism and constructivism are destroying the foundations of global prosperity. Welfare losses for everyone are the likely scenario.

 
Companies

Stocks: All-time highs without substance?

- Christof Schürmann

STUDY. Measured by their price-to-asset ratio, stocks are more expensive than ever. So is there another bubble?

 
Economy & Politics

Government failure instead of market failure – How it could come to this

- Thomas Mayer

COMMENT. Theorists of market failure have brought about the hopeless overburdening of the state itself. The misery has many fathers, from liberals to socialists.

 
Society & Finance

Longevity, a challenging gift

- Sven Ebert

COMMENT. Increased life expectancy is a gift, but it requires each of us to make adjustments.

 
Show more