Preface to the English-Language Edition

Futures Rise, Oil Drops As US Ends Iran Strikes US equity futures are higher led by tech and small caps, with traders buying the dip in stocks as a swift conclusion to the latest round of US strikes against Iran raised expectations that talks over a peace deal and the reopening of the Strait of Hormuz will get back on track. As of 8:00am ET, S&P futures rise 0.7% to recover from a five-week low after Trump forewarned Iran would be hit “very hard,” followed by swift and superficial strikes; Nasdaq...

Mamdani's Tax Plan Is A Warning To America: Counterproductive And Regressive Authored by Daniel Lacalle, Zohran Mamdani’s tax package is a warning to America. It is what you may expect when the radical left takes power. Demolition of the private sector and destruction of potential growth and jobs. Mamdani’s plan is not ambitious nor innovative; it is precisely the interventionist system that has been implemented throughout decades in countries that now suffer stagnation and elevated unemployment. It concentrates New York City’s fiscal risk onto a narrow and mobile base of taxpayers and companies...

How German Media Became The PR Arm Of The Expanding State Submitted by Thomas Kolbe How does economic growth emerge? Let us turn to Ludwig von Mises, one of the defining economists of the 20th century – and paraphrase his idea: growth arises where private capital is guided in a free market by an undistorted price system. Prices signal scarcity and direct scarce resources to where they generate real value. When this system is distorted by ideological intervention, capital is misallocated – potential growth simply evaporates. That is the theory. And there...