Blog

The Coronavirus Crisis Shines Light on the Debt Spiral

The coronavirus crisis has exposed once again the fragility of our debt-based economic system. There are alternatives to this artificial system of the last 70 years. There are ways that we can better incentivize saving, which will create not only more productivity but more robustness.

The Coronavirus Wake-up Call

The economy and the financial sector need more robustness. The corona epidemic shows this. Because of low interest rates, the number of weak companies grew so rapidly that their failure is now a threat to the rest of the economy.

The Political Management of the Coronavirus Crisis: The Potential Harm of Damage Compensation

We could be facing the biggest economic crisis of all time. Will politicians be able to learn the lessons from this and use the crisis as an opportunity for a new beginning in economic and public health policy?

The Alternate Universe of Anti-Capitalist Coronavirus Experts

The COVID-19 epidemic becomes a pretext for critics of capitalism to once again castigate “neoliberalism.” The survival of the free market economy and the renewal of small government is essential, especially now.

Defend Globalization!

For critics of globalization, the matter is clear: it is the main culprit of the Coronavirus epidemic. On the contrary, globalization is particularly helpful in this context, among other things because it reduces regional dependencies.

Freedom or Equality? “Social Justice” Is Not a Demand of Classical Liberalism

Historically as inequality dissipates the inequalities that remain become intolerable for many. Freedom then becomes seen as an enemy to greater equality. The modern welfare state seeks to establish equality through redistribution, but leaves people dependent and demoralized by their caregivers.

The Interest Rate Reversal Has Ended: What’s Next?

Another recession is very likely. For the first time it will not be possible to mitigate it with further interest rate cuts. Previously unknown scenarios are looming. One thing is certain: savers will need to take on more personal responsibility.

After Brexit: The EU Fears Regulatory Competition and Behaves Like an Empire

Brexit could be “perceived as a success,” as high EU officials fear. In addition, Brexit marks the beginning of a new competition for solutions that has made Europe innovative.

The Euro Illusion: From a Project of Integration to a Green Planned Economy

At first it seemed as if the new President of the European Central Bank (ECB) Christine Lagarde would simply continue the loose monetary policy of her predecessor. But now she has announced a green policy shift. This marks the beginning of a whole new act in the euro drama.

“Stimulating the economy”—the destructive standard remedy promoted by the statist economists

Should the State enhance the “aggregate demand” through stimulation? Followers of Hayek still have very good arguments against that proposal, but the politicians love Keynes . . .

The Rich – A Personally Unknown and Hated Minority

The Germans and the French are more likely than the English or Americans to envy rich people for their wealth. Moreover, social envy nurtures a scapegoat mentality and anti-capitalist thinking. This is confirmed by a recent study.

How the French state eats up the well-being of its people

The billions spent by the European Central Bank are not going to save the labor markets of Italy and France. This is proven by figures from the everyday business world.