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High inflation has long been the most serious macroeconomic challenge our country has faced in recent years. It was far from being only economists who identified deep price instability as a major problem, as the wider public viewed the extraordinary rise in most prices in the economy with equal reluctance.

Not long ago, there was a debate in professional circles about the predictive value of central bank forecasts. They have been desperately inaccurate in the last few years, a time of severe price instability. The question has therefore arisen as to whether the models underlying these forecasts are sufficiently robust and realistic.

Georgia held a voting for the parliament on October 26, which was an interesting event by any means. Here are some facts and analysis. The Georgian Dream party (Ivanishvili) claimed a 54% victory in the voting, getting 89 mandates out of 150 (that is not enough for constitutional changes.). The four major pro-western opposition coalitions also claimed they won the elections in total, though the official count was 40+% of their total votes.

The Economic Freedom Foundation has supported the Freedom Games for several years. At this year\'s edition, at the EFF stand, participants were able to share their reflections on capitalism. We contrasted them with the content of Capitalist Manifesto by Johan Norberg. Among those who took part in our survey, positive associations predominated: capitalism means poverty reduction, efficient accumulation of resources, and freedom.

I am a classical, pro-free market liberal and I have always been closer to the Republicans than the Democrats. But in this election I had fingers crossed for Kamala Harris because she was more predictable and a better candidate from a geopolitical point of view. But if you look at it purely from a business perspective, the better option seems to be Trump.

On the occasion of the 50th anniversary of the Bank of Sweden\'s Alfred Nobel Prize in Economics for Friedrich Hayek, we would like to recall the achievements of this Austrian thinker and his impact on the entire democratic world, social sciences, and liberal philosophy.

December marks the first anniversary of Javier Milei\'s swearing-in as president of Argentina. This is the perfect time to summarize his most important achievements to date. When he began his term, He was an eccentric. During the election campaign, he promised the abolition of the central bank, the unilateral adoption in Argentina of the U.S. dollar as a circulating currency, and drastic cuts in spending and bureaucracy.

The Federal Republic of Germany, with its 16 states, has a federal structure. The states possess extensive powers, especially in the area of education. State parliaments make important decisions affecting the lives of young people in Germany. On November 8, 2024, the Friedrich Naumann Foundation for Freedom participated in an expert hearing in the state parliament of Mecklenburg-Western Pomerania, invited by the liberal FDP parliamentary group.

The German housing market is in deep crisis. Building permits are declining, cancellations are increasing, and consequently, fewer and fewer projects are being completed. This shrinking supply meets persistently high or even rising demand. The effects of this imbalance are immediately evident in rent price developments. Recently, significant rent increases have been observed, especially for new leases in Germany’s major cities.

Who will be the next president of Poland, one of the largest European nations? The presidential election in Poland has not yet been scheduled but is expected to take place in May 2025. However, it is already making headlines across the country. The Polish president, who serves a 5-year term, has a largely representative role but is also responsible for signing and vetoing legislation and exercising legislative initiative.