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The Estonian economy is showing green shoots of recovery again, and people\'s real purchasing power has risen since June of last year. These are the words of the Minister of Economic Affairs and IT Erkki Keldo . He also added that wages have also been outpacing inflation. Speaking to \"Esimene stuudio,\" Keldo noted that people\'s real purchasing power has been increasing since June of last year.

The state must act where there is no other way. However, when it intervenes, the state must be efficient, strong, and decisive. In other areas, we must understand that our success is a collective creation, with the main author being the free citizen. Life improves only when solutions are in the hands of citizens, not dictated by the state.

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.

How can the European Union woo Donald Trump? Why immigration is beneficial and morally right? And what is the EU\'s potential for change and reform? Leszek Jazdzewski (Fundacja Liberte!) talks with Philippe Legrain, a former economic adviser to the president of the European Commission, a Visiting Senior Fellow at the London School of Economics’ European Institute.

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.

What is the outcome of the parliamentary elections in Georgia? What should we know about the authoritarian evolution of the Georgian Dream ruling party? What was the role of the Russian war in Ukraine on the politics in Georgia? What is the way forward? And what should the European Union do about these recent developments?

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.