Subsidies

Delusions of Omnipotence and Shifting Backdrops: USA and EU Launch Giant Industrial Policy Programs

The USA and the EU have recently been in a subsidy race—industrial policy by bureaucrats. The innovative forces of the market are being undermined and the inefficiency of these measures is predictable.

The Inflation Problem: Short-, Medium- and Long-Term Solutions

In principle, it is the task of central banks to anticipate and combat inflationary risks. But since central banks failed to recognize inflationary pressures for a long time and then downplayed them as temporary, they can no longer contain inflation in a hurry. What solutions are feasible?

The ECB Faces a Predicament, the Euro an Impasse

With the now obvious failure of the ECB’s inflationary low interest rate policy, things are now also bad for the euro. The “whatever it takes” approach to saving the euro has reached a point where a reconsideration is necessary.

The Governments Were Financed Through by the Printing Press, And Now We Have Inflation

The rise in inflation does not fall from the sky. Inflation means general devaluation of money, not an increase in individual prices. It is the result of the money glut of the last several decades. Avoiding the dramatic consequences could make things uncomfortable.

Do We Need a ‘Great Reset’, or More Capitalism?

For many, capitalism needs to be reinvented. And yet it proved to be robust, innovative and enormously successful, especially during the pandemic. Thus, the idea of a “Great Reset” merely serves familiar anti-capitalist prejudices.

The mRNA Vaccine Makers Got Rich—But Not at the Taxpayers’ Expense

According to one criticism, Moderna and Biontech, the two manufacturers of the mRNA vaccines against Covid-19, have enriched themselves from government subsidies. This is wrong. Without the perseverance of individual researchers and billions in private money, the vaccines would not exist.

The Green (Self-)Deception: Neither Progressive nor Socially Minded

The Greens in Germany are masters at absolving themselves of responsibility for stagnation and failure to modernize. Yet it is primarily they who are responsible for this. They are neither socially minded nor progressive.

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.

A New Era: Politicians and Central Banks Reinvent the Wishing-Table

Unbelievable national debts and deficits, direct access of politicians to the printing press and unconditional payments to citizens in the USA. The EU, for its part, is embarking on the path of massive new national debt. Can this possibly end well?

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?