Online Articles

The Czech healthcare system is under structural pressure. With 85% of expenditure financed through compulsory public insurance tied to payroll contributions, demographic ageing creates a double bind: rising demand for…

Public universities suffer from a serious disease: what Milton and Rose Friedman called the tyranny of the status quo. Public universities are direct beneficiaries of central government subsidies that cover…

When central banks make decisions about inflation, interest rates, or financial stability, they rely heavily on economic research. But where does that research come from? And whose ideas end up…

One of the main promises behind the euro was economic convergence. By sharing a common currency, European economies were expected to become more alike over time, making a single monetary…

For nearly two decades, the European Central Bank has relied on exceptionally low interest rates, massive asset purchases, and generous lending programs to support the economy. These policies were designed…

Milton Friedman is often quoted as having said something to the effect that inflation is taxation without legislation on multiple occasions during his career (cf. for example Friedman and Friedman…

For much of the past decade, Europe has been weighed down by prolonged economic stagnation. Growth has slowed, productivity has stalled, and even the continent’s largest economies—Germany and France among…

As the story goes, there are no free rides. The costs of each journey must necessarily be borne by someone. They can be broken down into three categories: the monetary…

America’s housing market is failing a growing share of households. Prices and rents are at record highs, and homeownership is steadily slipping out of reach for younger generations. In response…

Introduction The UK Budget papers of November 2025 acknowledge the funding models through which the government plans to increase the liabilities of UK taxpayers, beyond the government borrowing the money…