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Articles by Mihai Macovei
Allemagne : le succès de l’AfD cache une révolte économique
La progression spectaculaire de l’AfD ne s’explique pas seulement par les tensions autour de l’immigration. En séduisant toujours plus d’ouvriers et de ménages modestes avec un programme économique libéral, le parti révèle une défiance grandissante envers un modèle social allemand qui semble avoir atteint ses limites. Depuis la crise migratoire de 2014-2016, les partis de la droite radicale populiste ont connu une progression spectaculaire à travers l’Europe.
The Rise of the AfD in Germany Signals Dwindling Support for Welfarism and Interventionism
Populist radical right parties have gained remarkable traction across Europe since the refugee crisis of 2014-2016. In a series of recent shock votes, the Alternative for Germany (AfD) party won elections in two East German states and also made substantial gains at national level. In the 2025 federal elections it doubled its support to more than 20 per cent of votes and also tops recent polls with almost 30 per cent of votes.
The French Far-Left Downplays Government Debt in Order to Spend Even More
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The French Far-Left Downplays Government Debt in Order to Spend Even More
Jean-Luc Mélenchon—the leader of the French far-left party “La France Insoumise”—wants to minimize concerns that the French government debt is very high at more than 100% of GDP. Such fears undermine his calls for higher government spending and chances to win the 2027 presidential elections. He has always looked enthusiastically for ways to lower public debt, even if only by accounting gimmicks.
Europe’s Innovation Is Drowned in a Sea of Government Intervention
This article was originally published by Mihai Macovei at The Mises Institute. Europe became prosperous through a burst of innovation and capital accumulation during the eighteenth-century industrial revolution that allowed individual freedom to replace feudalistic rents and privileges. A new industrial revolution based on digitalization, advanced artificial intelligence (AI), and automation is in the making, but the reputed analyst Wolfgang Münchau claims that Europe is about to miss it.
Europe’s Innovation Is Drowned in a Sea of Government Intervention
Europe became prosperous through a burst of innovation and capital accumulation during the eighteenth-century industrial revolution that allowed individual freedom to replace feudalistic rents and privileges. A new industrial revolution based on digitalization, advanced artificial intelligence (AI) and automation is in the making, but the reputed analyst Wolfgang Münchau claims that Europe is about to miss it.
Non-Linear Quantum Dynamics in Coupled Double-Quantum-Dot-Cavity Systems
This version is not peer-reviewed. Tatiana Mihaescu,Mihai A. Macovei,Aurelian Isar * Tatiana Mihaescu,Mihai A. Macovei,Aurelian Isar * You are already at the latest version The steady-state quantum dynamics of a compound sample consisting of a semiconductor double quantum dot (DQD) system, non-linearly coupled with a leaking superconducting transmission line resonator, is theoretically investigated.
Europe's Economy Slows as Its Welfare State Grows
European countries are the largest welfare states in the OECD and among the highest in the World. At the same time, Europe’s economic dynamism has faded out and European leaders are getting increasingly worried about it. According to Christine Lagarde, the ECB President, Europe’s generous social model is at risk unless the region fixes a persistent decline in growth.
The Impact of Taxes on "the Rich" versus Tariffs
During his recent presidential campaign, Donald Trump has repeatedly floated the idea of eliminating personal income taxes and replacing them with tariffs on imports. The proposal, which was never developed in a detailed and coherent plan, was met with hostility by mainstream media and analysts.
China’s competitiveness is driven by low taxation, not by industrial policy
Audio Mises Wire Tags: Big Government, Bureaucracy and Regulation, Economic Freedom What is the Mises Institute? Become a Member
China’s competitiveness is driven by low taxation, not by industrial policy
The West is getting increasingly worried about China’s export prowess as its companies are rapidly gaining market shares in green and high-tech industries. Recently, U.S. Treasury Secretary Janet Yellen accused China of industrial overcapacity and urged Europeans to respond jointly to the latter’s nonmarket practices. Allegedly, China is flooding international markets with cheap products of good quality primarily due to industrial subsidies.
Switzerland Still Cherishes its Traditional Neutrality
Audio Mises Wire Tags: Politics, War and Foreign Policy, World History What is the Mises Institute? Become a Member
Switzerland Still Cherishes its Traditional Neutrality
With more than 130,000 certified signatures, the “Pro Switzerland” civil movement asked the Swiss government to organize a national referendum on strengthening the country’s international neutrality. After the authorities followed the European Union’s sanctions on Russia and bolstered the cooperation with the North Atlantic Treaty Organization (NATO), the referendum organizers want to prevent a gradual erosion of Switzerland’s traditional neutrality.
The Rise of Populism Reflects the Decline in Individual Freedom
This article was originally published by Mihai Macovei at The Mises Institute. So-called populist political parties and politicians gained considerable traction with Western voters in recent years, despite being dismissed in many cases as “a threat to democracy” and “extremists” by mainstream politicians.
The Rise of Populism Reflects the Decline in Individual Freedom
So-called populist political parties and politicians gained considerable traction with Western voters in recent years, despite being dismissed in many cases as “a threat to democracy” and “extremists” by mainstream politicians. With the election of Donald Trump in the US and of Javier Milei in Argentina, the surge in polls and electoral wins of right and far-right parties in several European countries sent shockwaves through the political establishment.
The Digitalization of Building Permitting Process in the Upcoming Urban Planning Code and the Challenges in Implementation
The draft bill proposes the establishment of a Unique Digital Desk (in Romanian, “Ghișeul Unic”), an online interface between the applicant, on one hand, and the public authorities and/or reviewing entities involved in the building permitting process (public or private), on the other hand. What will the building permitting process look like?
Fiscal Rules Do Not Undermine Investment, But Government Profligacy Does
To prevent public debt from soaring in the wake of the global financial crisis in 2009, Germany has enshrined a “debt brake” in its constitution. The debt brake sets strict limits on federal public debt levels and restrains government borrowing. This fiscal rule has served its purpose, and public debt has been on a downward path, dropping by about 15 percentage points of gross domestic product (GDP) since its introduction.
Fiscal Rules Do Not Undermine Investment, But Government Profligacy Does
Here's what could happen to Apple's share price next. Updated at 8:54 AM EST Apple shares moved lower in early Friday trading after the tech giant posted a better-than-expected December quarter earnings report marred by weak China sales and a muted iPhone revenue forecast.
Fiscal Rules Do Not Undermine Investment, But Government Profligacy Does | Mihai Macovei
Home | Wire | Fiscal Rules Do Not Undermine Investment, But Government Profligacy Does Fiscal Rules Do Not Undermine Investment, But Government Profligacy Does Tags Big GovernmentGlobal EconomyPoliticsTaxes and Spending To prevent public debt from soaring in the wake of the global financial crisis in 2009, Germany has enshrined a “debt brake” in its constitution. The debt brake sets strict limits on federal public debt levels and restrains government borrowing.
President Biden Is Wrong. Military Spending Does Not Produce Wealth
So far, the White House has justified its unwavering support for Ukraine on lofty grounds such as defending democracy and freedom—both in Ukraine and in the West. However, with the American public—who bears the cost of the war in Ukraine—turning against it, several Republican lawmakers questioning its purpose and affordability, and elections approaching, the Biden administration has changed the messaging on the war.
Mises Wire
General Topics Austrian School Filter by Title: Sort by: It's Time to Renew Your Mises Membership In a world facing economic challenges, the ideas of Ludwig von Mises have never been more vital. Help us lead the charge against statism in all its forms.
Mises Wire
General Topics Austrian School Filter by Title: Sort by: It's Time to Renew Your Mises Membership In a world facing economic challenges, the ideas of Ludwig von Mises have never been more vital. Help us lead the charge against statism in all its forms. Read More Unraveling the Roots of the German Mark's Collapse Central BanksInflationMonetary PolicyWorld History A century ago, the German reichsmark went into freefall as the most famous hyperinflation in history exploded the German economy.
President Biden Is Wrong. Military Spending Does Not Produce Wealth | Mihai Macovei
So far, the White House has justified its unwavering support for Ukraine on lofty grounds such as defending democracy and freedom—both in Ukraine and in the West. However, with the American public—who bears the cost of the war in Ukraine—turning against it, several Republican lawmakers questioning its purpose and affordability, and elections approaching, the Biden administration has changed the messaging on the war.
Mises Wire
General Topics Austrian School Filter by Title: Sort by: A Fed-Induced "Neutral" Interest Rate Is a Contradiction in Terms Economic PolicyThe FedCapital and Interest Theory The Federal Reserve claims to know the “neutral” rate of interest, as though these things can be known administratively. Either interest rates are set by the market or done by fiat; it cannot be both simultaneously. Read More Turkey Is Sustaining Major Inflation.
Mises Wire
General Topics Austrian School Filter by Title: Sort by: Don't Fall for Biden's Latest Talking Point Big GovernmentTaxes and SpendingU.S. EconomyWar and Foreign Policy President Biden claims that spending money to send weapons and ammunition around the world is good for the US economy.
How German Exports Lost the Race with China
Germany is the euro area’s economic powerhouse and most competitive economy. It accounts for close to 30 percent of the euro area gross domestic product (GDP) and has recorded sizable current account surpluses since the introduction of the euro. Substantial fiscal and labor market reforms in the early 2000s propelled the German economy. However, these golden days seem all gone now.
Mises Wire
General Topics Austrian School Filter by Title: Sort by: Turkey Is Sustaining Major Inflation. Something Has to Give Economic PolicyInflationMonetary PolicyWorld History Inflation in Turkey today is officially running close to 70 percent, but the Turkish economy seems to be booming. Inflationary booms, however, cannot be sustained.
There Is No Fed Magic Trick to Achieve a Soft Landing
Securitized assets are backed by mortgages, auto loans, credit card debt-and sometimes even synthetic assets. Jupiterimages from Photo Images; Canva What is securitization? In finance, it seems like nearly anything can be traded for profits. Securitization is the process of taking groups of assets, packaging them together, and selling them as interest-earning securities on the secondary market.
Mises Wire
General Topics Austrian School Filter by Title: Sort by: Why the "Just Wage" Theory Doesn't Make Much Sense Labor and Wages Just-wage theory tells us that an employer cannot reduce his workers' wages below some presumed "cost of living." Yet, that same employer can be permitted to reduce the worker's wage to zero if the worker has been replaced by a machine.
Mises Wire
General Topics Austrian School Filter by Title: Sort by: Why the "Just Wage" Theory Doesn't Make Much Sense Labor and Wages Just-wage theory tells us that an employer cannot reduce his workers' wages below some presumed "cost of living." Yet, that same employer can be permitted to reduce the worker's wage to zero if the worker has been replaced by a machine.
There Is No Fed Magic Trick to Achieve a Soft Landing | Mihai Macovei
Economic growth in the United States accelerated to a 2.4 percent annualized rate in the second quarter of 2023, picking up from 2.0 percent in the first quarter, and climbing well above the 1.8 percent rate predicted by economists. Many analysts are surprised that the US economy has continued to expand at a robust pace despite the Federal Reserve’s (Fed) aggressive tightening on monetary policy. The Fed raised interest rates by more than 500 basis points (bps) since March 2022.
Mises Wire
Declaring Independence from the Parasite Caste Big GovernmentDemocracyU.S. History As Americans prepare to celebrate the Fourth of July, they would do well to remember that those who fought for independence would not support the Leviathan state that the USA has become.
A Peaceful International Order Needs Free Markets | Mihai Macovei
Home | Wire | A Peaceful International Order Needs Free Markets A Peaceful International Order Needs Free Markets Tags PoliticsProtectionism and Free TradeThe Police StateWar and Foreign Policy The Ukraine war raises issues of the legitimacy and usefulness of the “rules-based” international order (RBO) that supposedly governs international relations.
Mises Wire
Rothbard: Essentials of Money and Inflation Big GovernmentThe FedMoney and Banking The government and its central bank act precisely as would a grand counterfeiter, with very similar social and economic effects.
Mises Wire
The Environmentalist Revolt against Humanity. The EnvironmentMedia and CultureProgressivism Some on the progressive left are not satisfied with just trying to "save the planet." They want to eliminate the human race altogether. Read More Neither Red nor Blue, but Free Big GovernmentDecentralization and SecessionMedia and Culture The real issue we face is not whether we should be in the red tribe or the blue tribe, but rather what will be the constituency for freedom.
Rothbard War Right: Wars Don't Enhance Freedom. They Destroy Liberty.
Economics Since the beginning of the war in Ukraine, Western leaders have declared that Ukraine was defending not only its own freedom, but ours too. President Joe… Since the beginning of the war in Ukraine, Western leaders have declared that Ukraine was defending not only its own freedom, but ours too.
Mises Wire
Rothbard: The Myth of Tax "Reform" Big GovernmentTaxes and SpendingFiscal TheoryInterventionism Our taxes are due today. It's a reminder that we must get past the tax reformers’ favorite ploy of revenue neutrality. Read More Role Reversal: The Collapse of the Dollar-Enforced Empire The FedInflationMonetary PolicyU.S. HistoryWorld History A generation ago, the Berlin Wall fell and the USSR collapsed. Today, US monetary authorities are bringing down our own country.
Mises Wire
Is Democracy under Attack in Canada? No, but It Should Be Cronyism and CorporatismDemocracyProgressivism Canadian political, academic, and media elites "worry" that democracy in that country may be under attack. Actually, democracy works all too well there. Read More Making Nonsense from Sense: Debunking Neo-Calvinist Economic Thought Free MarketsPhilosophySocialism Neo-Calvinist economic thought claims that prices and private property cause scarcity.
Mises Wire
China's Emerging Global Leadership Isn't Just the Result of Subsidies: Entrepreneurship Still Matters in This Market Corporate WelfareCronyism and CorporatismThe EntrepreneurFree Markets It is easy to dismiss Chinese advancements in electric vehicles as the result of government subsidies, but private entrepreneurship also is playing a major role.
How German Exports Lost the Race with China | Mihai Macovei
Home | Wire | How German Exports Lost the Race with China How German Exports Lost the Race with China Tags Bureaucracy and RegulationEuropeGlobal EconomyWorld History Germany is the euro area’s economic powerhouse and most competitive economy. It accounts for close to 30 percent of the euro area gross domestic product (GDP) and has recorded sizable current account surpluses since the introduction of the euro.
Mises Wire
The Italian City-Republics Were the Manhattan of the Twelfth Century DemocracyEconomic FreedomWorld History The move from feudalism to the relatively free capitalist societies occurred slowly, beginning with the emergence of the city-states in Italy in Medieval Europe. Read More Australia: The Nation Founded by British Convicts Embraced Entrepreneurship Free MarketsWorld HistoryEntrepreneurship Australia is famous for its laid-back culture and for being founded by convicts from Great Britain.
Mises Wire
Political Salvation Is Slow Suicide Big GovernmentBureaucracy and RegulationProgressivism For all of the political "reforms" being tossed about, the truth is that government is slowly strangling the life out of our society.
The Global Semiconductors Crisis: The US Chip Blockade Against China Is Intent Upon "Containing China's Technological and Economic Progress" - Global Research
Disclaimer: The contents of this article are of sole responsibility of the author(s). The Centre for Research on Globalization will not be responsible for any inaccurate or incorrect statement in this article. The Centre of Research on Globalization grants permission to cross-post Global Research articles on community internet sites as long the source and copyright are acknowledged together with a hyperlink to the original Global Research article.
The Fed's Current Monetary Stance Will Lead to Stagflation, Not Deflation
Mainstream analysts seem convinced that global central banks are moving aggressively to tackle inflation, maybe even going too far. After having believed until recently that the spike in prices was only transitionary, central banks insist now that they will restore price stability at almost any cost. In September, the Fed raised its main interest rate to a range between 3 and 3.25 percent from close to zero at the beginning of the year.
China's Coming Clash With Economic Reality
Authored by Jim O'Neill via Project Syndicate, As expected, Chinese President Xi Jinping has been given an unprecedented third five-year term. More surprising was the absence of any sign that Xi intends to revise the policies that have done so much economic damage in recent years.
Alibaba succumbs to bear pressure. How attractive is the stock now?
During the September 2022 quarter, the world continued to experience persistent inflation. This included the zero tolerance COVID-19 policies in China resulting in the sudden and complete shutdowns of some large cities; the ongoing war in Ukraine; and substantial tightening measures by central banks worldwide.
China's Emerging Global Leadership Isn't Just the Result of Subsidies: Entrepreneurship Still Matters in This Market | Mihai Macovei
Home | Wire | China's Emerging Global Leadership Isn't Just the Result of Subsidies: Entrepreneurship Still Matters in This Market China's Emerging Global Leadership Isn't Just the Result of Subsidies: Entrepreneurship Still Matters in This Market Tags Corporate WelfareCronyism and CorporatismThe EntrepreneurFree Markets China has become a global leader in the electric vehicles (EVs) sector, and Western governments are worried that its comparative advantage will become entrenched.
An Economy Of Shortages
A Korean diagnostics player that made millions of Covid-19 tests in the early stages of the pandemic is now expanding into the US market. Cincinnati-based Meridian Bioscience put up notice Thursday morning that it's going to be acquired by SD Biosensor, accompanied by investment firm SJL Partners for $1.53 billion in cash. How the transaction will work, according to Meridian, is that a "newly formed affiliate vehicle" formed by SD Bio and SJL will acquire the company.
the current uncertainty could affect the economy for nearly two years
GH Studio / Shutterstock The recent dramatic events that led to the resignation of UK prime minister, Boris Johnson, on July 7 2022 raise the issue of how politics - and economic policy uncertainty more specifically - affects the UK economy. The answer, of course, is that it does, and sometimes for as much as two years. News of Johnson's resignation produced a small rally in sterling, which was limited by expectations of his exit after a flood of ministerial resignations in the preceding days.
China's Draconian Lockdown Policies: Major Consequences to Follow | Mihai Macovei
Home | Wire | China's Draconian Lockdown Policies: Major Consequences to Follow China's Draconian Lockdown Policies: Major Consequences to Follow Tags Anti-PoliticsHealthThe Police State While most of the world lifted covid-19 restrictions and learned how to live with the virus, China moved in the opposite direction and doubled down on its zero-covid policy.
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