The eurozone economic figures show the risk of stagflation, and the short-term impact is clear in Germany and France, but it extends to the rest of the countries.

Why has the eurozone lagged the United States and other developed economies in recent years? The enormous stimulus packages, including the 2009 Growth and Job Plan, the Juncker Plan, the New Green Deal, and the Europe Next Generation, are proving that central planning only delivers poor growth, elevated debt, and now high inflation.

Recent data from the Pew Research Center shows that from 1994 to 2022, Americans’ views of opposing political parties became increasingly negative. In 1994, only 21 percent of Republicans and 17 percent of Democrats held “very unfavorable” views of the other party. In 2022, that category rose to 62 percent for Republicans and 54 percent for Democrats.

Affordable living is the topic of the day. Not only in the world of Mises.org but in everyday life. While inflation has fallen to some degree, it remains high and understated. While many people dislike inflation and know intuitively it is robbing them of their wealth, I would like to point out a few ways in which this is happening more than they realize.

Official inflation statistics are biased. Substitution effects and quality changes are problems that cannot be resolved objectively, even with the most sophisticated statistical methods. It may be that the Harmonized Index of Consumer Prices (HICP) overestimates inflation. There are also good arguments for a downward bias. It may also be that the errors in measuring consumer price inflation are negligible. However, even if official statistics show unbiased average inflation for all goods included in the index, problems arise.

Property and Justice: A Liberal Theory of Natural Rights
by Billy Christmas
Routledge, 2021; xii + 184 pp.

The Austro-libertarian movement has the better ideas. They continue to be discussed, elaborated, and intellectually defended. But how can the right ideas be implemented? What good is it to be right if the reality is left-wing? In fact, most of the population, or at least public opinion, seems to be drifting further and further to the left, with cancel culture, climate hysteria, a sprawling welfare state and ever higher taxes and levies.