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Rafael Leónidas Trujillo: the dictator who inspired a Nobel Prize

Rafael Leónidas Trujillo: the dictator who inspired a Nobel Prize

Most Latin American countries were ruled, at some point of the twentieth century, by dictators responsible for countless violations of human rights. Augusto Pinochet, who ruled Chile with an iron fist for almost two decades, was responsible for more than 3,000 executions and hundreds enforced disappearances. During Videla’s dictatorship in Argentina, between 13,000 and 30,000 citizens were…

The importance of financial education in today’s world

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The importance of financial education in today’s world

The financial roots of the 2008 crisis led many EU countries to develop national strategies aimed at improving the financial education of their citizens. In Spain, for instance, the National Securities Market Commission and the Bank of Spain launched a four-year financial education plan that has been renewed twice since 2008. Similar plans were implemented in Ireland, Denmark, France or…

France’s most dangerous village

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Blogger: Bill Wirtz
France’s most dangerous village

A past decision of the French State Council which has dangerously extended the concept of “public morality”. In a decision on December 8, 1997, the French Conseil d'État issued a ruling regarding the municipality of Arcueil, which prohibited the advertising of “pink courier” services in 1990. Despite some positive aspects, particularly with regard to the…

The trap of the middle

The trap of the middle

Currently a serious, though little recognized problem, is the resentment of the middle classes, a resentment based on their very middle-ness. Take, for example, the book Poor Economics by economists Abhijit Banerjee and Esther Duflo, both of whom just won the Nobel Prize for their work. Imagining social mobility as the letter S, they demonstrated that it is easier to move from the very…

Poland Must Dig Their Way Out of Mining Cronyism

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Poland Must Dig Their Way Out of Mining Cronyism

Ross Marchand is the director of policy for the Taxpayers Protection Alliance. ____ Since the Soviet Union breathed its last breath, Poland has seen turbocharged economic growth and increased opportunities for its citizenry. Economic output per person has increased nearly seven-fold, and so far, the Polish economy shows no signs of slowing down. In the past three years alone, unemployment has…

Experiments in economics? You bet!

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Experiments in economics? You bet!

Every year around this time, the Royal Swedish Academy of Sciences awards the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel—aka the Nobel Prize in Economics. This year, the Prize went to Abhijit Banerjee, Esther Duflo and Michael Kremer “for their experimental approach to alleviating global poverty.” The three economists pioneered the use of randomized…

Luxembourg is right about tax ruling court cases

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Blogger: Bill Wirtz
Luxembourg is right about tax ruling court cases

The European Commission is cracking down on tax advantages of individual member states. This will undermine the competitiveness of the entire continent. Margrethe Vestager will be confirmed in her place as Commissioner for Competition of the European Union. In the last five years, the Danish politician has put forward a legal theory, suggesting that tax benefits granted to companies constitute…

One frontier: two different worlds

One frontier: two different worlds

The comparison between the two approaches to American life and values represented by the books of Laura Ingalls Wilder (Little House on the Prairie series) and Bess Streeter Aldrich (A Lantern in Her Hand and its sequel White Bird Flying) opens some significant, and possibly uncomfortable, differences that lay at the root of the contrast of the families’ fortunes, despite living in the same…

EU elites use more private jets as they tax flying for others

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Blogger: Bill Wirtz
EU elites use more private jets as they tax flying for others

"Climate action" politicians are collapsing under the weight of their own hypocrisy.   The European moraliser   Think Paris Climate Accord, renewable energy, hybrid cars, Greta Thunberg. All either a product of or very popular in Europe. Environmentalists in the United States are looking up to the courage of European politicians to solve climate change, be it by…

Pay transparency is unaffordable for businesses and employees

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Blogger: Bill Wirtz
Pay transparency is unaffordable for businesses and employees

The new EU Commission president Ursula von der Leyen has promised to move closer to closing the gender pay gap. The new instrument she intends on using is pay transparency. Big mistake. The European Commission works on creating pay transparency in the European Union. In an effort to fight the gender pay gap (which exist if you do statistics wrong on purpose), it wants to lay open the salaries…

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