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EU vs Disinfo: let's not build a Ministry of Truth

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Blogger: Bill Wirtz
EU vs Disinfo: let's not build a Ministry of Truth

In an effort to combat disinformation online, the European Union has created a task force to "debunk" fake news online. The quality of this service is doubtful in itself, but, far worse than that, it is directly political.   Free press and government press   There are a number of reasons to trust or distrust a news source. One is related to the origins of its funding: if…

A European Central Bank Primer (II): How does the ECB conduct monetary policy?

A European Central Bank Primer (II):  How does the ECB conduct monetary policy?

In a previous article, I talked about the objective, organizational structure and responsibilities of the European Central Bank. Today, I aim to discuss how the ECB conducts monetary policy in the Eurozone. But let me start by discussing more in detail the price-stability objective and why it matters. For the ECB, price stability means “a year-on-year increase in the Harmonized Index of…

Preferential treatment and anti-competition

Preferential treatment and anti-competition

On 16 June 2018, the association Students for Fair Admission (SFFA) filed suit against Harvard University for using racially biased admissions policies. This is not the first time SFFA has sued on these grounds. SFFA sued both the University of North Carolina – Chapel Hill, a prominent state university, and the US Department of Education for discriminatory admissions in the case of the…

Macron's yellow vests concessions are bound to make things worse

Blogger: Bill Wirtz
Macron's yellow vests concessions are bound to make things worse

In light of the yellow vests protests in France, president Emmanuel Macron has made a number of concessions to the movement. However, the people involved in the Gilets jaunes demonstrations aren't likely to be helped by those measures.   Macron's announcement   On Monday, Emmanuel Macron made a national TV announcement addressing the "Gilets jaunes" protests, and…

A European Central Bank Primer (I): Objective, Organization and Responsibilities

A European Central Bank Primer (I): Objective, Organization and Responsibilities

Next year marks the 20th anniversary of the Euro, the most important step in the European integration process since the Treaty of Rome. Six months prior to the official launch, the European Central Bank (ECB) was established to administer the new common currency in the eleven countries that originally designed the monetary union. Since then, eight more countries have joined the Eurozone, which is…

Open Borders? Maybe Not. Immigration According to the Austrian School (Part III)

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Open Borders? Maybe Not. Immigration According to the Austrian School (Part III)

Walter Block "Almost 70% of American voters under the age of 30 voted for Obama.  Why isn't anyone calling for the deportation of America's youth, or limits on fertility to raise our average age?" Bryan Caplan (2009) Walter Block’s case for free immigration (1998, 2011a, 2011b) can be divided in, at least, two sections. One consists in his own position about…

Burrowing into Books - "The Thirty-One Kings"

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Burrowing into Books - "The Thirty-One Kings"

“The Thirty-One Kings” Robert J. Harris   “As the sun slanted toward the west, the cries of plovers and curlews echoed off the hills and the breeze carried a tang of burning peat from the hearth of a far-off cottage.”…

Can a map be a tool of propaganda?

Can a map be a tool of propaganda?

Presenting Crimea as a Russian land on a map is a trick of the Russian propaganda that even pro-Ukrainian people fall for.   In March 2014, Russian troops - disguised as members of “local militia” - invaded the Crimean peninsula and Russia soon annexed it via setting up an ad-hoc, unfair and internationally unrecognized referendum. The act was instead named by the vast majority…

Open Borders? Maybe Not. Immigration According to the Austrian School (Part II)

Open Borders? Maybe Not. Immigration According to the Austrian School (Part II)

Ben Powell “Immigrants tend to have especially desirable behavioral characteristics from the economic point of view. Compared to natives, their rate of participation in the labor force is higher, they tend to save more, they apply more effort during working hours, and they have a higher propensity to start new businesses and to be self-employed. They do not have a higher propensity to…

Why I don't vote

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Why I don't vote

The Stanford Encyclopedia of Philosophy defines democracy as “a method of group decision making characterized by a kind of equality among the participants.” In effect, democracy can be a useful mechanism for making collective decisions. For instance, an association representing the homeowners of a residential community can make the decision of renovating the pavement of a street after…

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