editorial partner Liberte! Friedrich Naumann Foundation

featured

Responding To Elon Musk: Will Universal Basic Income Save Humanity?
Society
Responding To Elon Musk: Will Universal Basic Income Save Humanity?
Artificial intelligence and robots will soon create prosperity that will make human work superfluous, not to mention that there will not even be a place to work as we will become redundant. Echoing his earlier predictions, Elon Musk added that people will be able to stop working if everyone is paid a \"universal high income\". Not a \"universal basic income\", he argued, but a \"universal high income\".
Is Inflation Inevitable?
Economy
Is Inflation Inevitable?
Price inflation is not inevitable. One of the most common explanations for price growth is identifying it with capitalism. The argument is that inflation is unavoidable as the economy grows. It is thought that for businesses to have an incentive to invest and wages to grow, the prices of goods and services should rise in the first place.
ECB Cuts Rates Further: Inflation-Suppressing Factor Fades into Oblivion 
Economy
ECB Cuts Rates Further: Inflation-Suppressing Factor Fades into Oblivion 
In its third consecutive meeting, the Governing Council of the European Central Bank (ECB) cut all three key interest rates as expected by a quarter of a percentage point. They are now in a range of 3.00%-3.40%. Although before the announcement of the decision, there were some speculations that monetary policymakers might resort to a more rapid easing, the gradual tapering path ultimately prevailed.
Three Pledges of New Coalition and How to Calibrate Them  
Economy
Three Pledges of New Coalition and How to Calibrate Them  
The new coalition in Lithuania has made it clear that the aim is to ensure adequate funding for defense and national security. It has promised to reform the second pillar of pension funds as a priority. In addition, it has proposed a tax reform, with a specific component: progressive taxation for higher earners, irrespective of their income.
Digital Euro: In Search of Problem to Be Solved
Economy
Digital Euro: In Search of Problem to Be Solved
The concept of a digital euro is rapidly moving from theory to reality, yet its fundamental purpose remains ambiguous. Proponents argue that it could enhance financial security, expand access to banking services, and bolster geopolitical independence. However, the sheer variety of justifications raises a critical question: is any single argument compelling enough to warrant its creation?
France Must Drop Its Opposition to Mercosur Trade Deal
Economy
France Must Drop Its Opposition to Mercosur Trade Deal
While the EU-MERCOSUR agreement is nearing its final stages, some remain opposed, risking a deadlock in the EU’s approval process. The EU must ensure smooth ratification to strengthen its strategic autonomy in these uncertain times. After 25 years of complex negotiations, the European Union and MERCOSUR have finally reached a landmark trade agreement.
Should Czech National Bank Buy Bitcoin Reserves?
Economy
Should Czech National Bank Buy Bitcoin Reserves?
Governor of the Czech National Bank (CNB) Aleš Michl recently commented that the Czech National Bank might consider including Bitcoin in its reserves. Is this really a good idea? Should the CNB invest in this digital asset? The CNB\'s main and most important function is to ensure price and financial stability, as required by its constitutional mandate. Unfortunately, however, it has failed to fulfill this mandate in recent years.
Trump Declares Juche as America’s Policy Going Forward
Politics
Trump Declares Juche as America’s Policy Going Forward
Donald Trump, the illegitimate President of the United States of America, declared that all imports from Canada, Mexico, and China will be subject to a 25% tariff, from February 4, 2025, onwards. There is no plausible reading of the trade among Mexico, the United States, and Canada that would even begin to justify these measures. Indeed, Trump’s previous administration renegotiated the free trade agreement among these countries.