More than 38 million Brazilian workers fall outside the reach of one of the most extensive labor codes in Latin America, and yet the National Congress is close to making that code even more rigid through a bill that would abolish the six-day work schedule known as “6x1.”
Friedrich Hayek was one of the greatest Austrian economists of the twentieth century, and Murray Rothbard thought very highly of his work, especially his development of the Austrian theory of the business cycle. In addition, as I can testify from my own experience as his student, he was a great philosopher of the social sciences. Unfortunately, he did not completely support the free market. He favored a number of welfare state measures, such as social security and the government provision of so-called “public goods.”
As can be read on the Mises Institute website, William Leggett (April 30, 1801–May 29, 1839) was an American poet, fiction writer, and journalist. He was a laissez-faire populist Jacksonian Democrat. He also became an outspoken opponent of slavery; however, he argued that the Union was not worth preserving at the expense of liberty and justice.
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.
Nicolai and I have been writing about entrepreneurial judgment for more than twenty years.
Global investors spend a great deal of time worrying about an alleged artificial intelligence bubble. However, they should pay more attention to the government debt bubble.
