Private Currencies Terrify the Central Banks
Private currencies are currently making central banks sweat. The flood of paper money is making alternative private currencies increasingly attractive. They are based on a technology that is almost unassailable, and the central banks are reacting as you would expect.
Navigating Crises without a Compass: Politics in the Quicksand of Interventionism
Under the guise of the COVID-19 crisis, attempts are being made to use the crisis for a political agenda that would not have found majority support before. The role of the state is expanding. A new policy approach is necessary to secure prosperity.
Tax Policy “Harmonization”: Diversity Is Preached, Uniformity Is Practiced
From the OECD to the EU: Although people like to profess their support for diversity, they nevertheless insist on uniformity. The G-20 wants an international tax cartel. The pressure to be economical with taxes will diminish. The losers will be the citizens.
Low Interest Rate Policy Cripples the Economy and Reduces Prosperity
Japan’s low interest rate policy began 30 years ago, about 15 years earlier than in the EU. But three decades of low interest rate policy meant three lost decades for Japan. In an interview with Stefan Beig, economist Gunther Schnabl explains why the low interest rate policy is so damaging to prosperity.
European Infrastructure and Tech Policy: Failures, Breakdowns, and Empty Promises
Compared to the USA, Europe is lagging behind in terms of information and communications infrastructure. A reexamination reveals: For too long, billions of taxpayers’ money have been invested in technologies of the past.
“Irrational Stock Exchanges” and the Wirecard Scandal: On the Blanket Suspicion of Financial Capitalism
Joint stock companies and stock exchanges have made the upswing of modern economies possible. However, they have always been suspected of serving the greed of a few. What, then, is the function of “financial capitalism”?