Although ultimately decided in the West, historians have continued to emphasize the importance of the Eastern Front in understanding the complex evolution of the First World War. Using a newly compiled dataset on prisoners of war and on soldiers killed and wounded on the Eastern and Western...

We revisit the unintended consequences of the European Central Bank's (ECB) low-interest rate policies with a focus on the periphery countries of the European Union (EU) since the 2000s from a modern Austrian perspective. We argue that convergence expectations and the ECB's expansionary monetary...

In this paper, we argue that rising debt levels have caused a revival of financial repression in the Euro Area and the US to reduce debt-servicing costs and even liquidate debt. We describe how, in addition to the “safe haven capital flight,” the Federal Reserve directly represses US bond...

The paper describes boom-and-bust cycles in a Hayekian framework. Therefore, we introduce Hayek's notion of order in an economy. A high degree of order allows market participants to form correct expectations and plans. We argue that displacements, such as real or financial innovations or...