Modern Monetary Theory: Reality check

I’ve written extensively over the past years about the rise of Modern Monetary Theory (MMT) and all the terrible dangers it entailed from its very birth, not just for our economies, but for our societies too. Although it captured media interest and monopolized a lot of “expert” debates at the time, one wouldn’t be blamed for …

Claudio Grass and Jeff Deist on Whether Switzerland can Save the World – Mises Institute

Switzerland is no libertarian paradise. It has bureaucrats and a wayward central bank. But it remains an astonishing modern example of the principles of federalism and subsidiarity in action. In fact, it exemplifies Lew Rockwell’s daydream: nobody much knows or cares who is president. Its federal administrative state demonstrates humility instead of hubris. And virtually all political decisions, from taxes to welfare to immigration, are decided locally. Claudio Grass joins Jeff Deist to discuss what libertarians can learn from Switzerland, and how neutrality in two disastrous European wars shapes Swiss DNA today.