Contrary to what inequality researcher Thomas Piketty and his colleagues claim, the gap between rich and poor in the USA has barely widened over the years. The tax data has been misinterpreted. Once again, ideology is pitted against facts.
What conservatives and liberals often have in common is their opposition to certain forms of dirigiste and tendentially collectivist political measures. However, this is driven by very different motives, as elucidated by Friedrich A. von Hayek. The difference is still of high relevance today.
The French Revolution was a complex historical event, and its intellectual foundations were likewise complex. It is a mistake to reduce it to the Jacobin terror. It was a liberal revolution whose ideals sprang from the Anglo-Saxon legal tradition.
The ECB’s new monetary policy leaves one important question unanswered: Will a normalization of Target balances also follow, that is, will the problem of debt within the eurozone be solved as well? If not, a normalization of monetary policy will be impossible.
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