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Post-Crisis European Union Is Disintegrating by Design

As the Euro-area keeps dragging from one pernicious recession to another, the crisis has actually created an unexpected and unintended consequence. Plenty of elusive discussions on the fundamental structure of the EU-system have materialized as the Brussels-apparatus is transforming from an omnipotent entity to a

Loose Change

7 Reasons Why The ECB Is Wrong About Deflation (Part 2/2)

By Heiko de Boer
For the first 3 reasons see:
The fourth reason mentioned by the ECB reads as follows: ‘tax and welfare systems can create incentives which distort economic behavior. In many cases, these distortions are exacerbated by inflation or deflation,


Patent Privateering – Patents as Weapons

By Thibault Schrepel, LL.M.
In the late 16th century, Queen Elizabeth I of England commissioned Francis Drake to sail for America. The Queen asked him to plunder Spanish vessels on its way there. Francis Drake became a pirate commissioned by the crown. This type

Representatives of the Austrian School of Economics

Israel Kirzner Among Favorites for Nobel Prize

Austrian economist Israel Kirzner, who was placed among the favorites to win the Nobel prize in economics by Thomson Reuters  (Nobel laureates predictions) made a very interesting speech at the Mercatus center in George Mason University on F. A. Hayek’s Nobel address in 1974 and


What is a capitalistic society?

By Heiko de Boer
Keynes believed a capitalistic structure does not work. He believed that savers and investors are two separate groups, not finding each other easily. The classical economists also distinguished between the separate classes workers, rentiers and land owners. Laborers earn wage, owners


Mises on Secession

By Jure Otorepec
With Scotland’s independence vote taking place tomorrow, there’s a lot of talk about the pros and cons of secession. However, whereas the pros and cons of the secession of a particular country like Scotland are debatable, there is no doubt about the

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Economic Growth: What do they mean?

By Heiko de Boer
When economists talk about the economy, it sounds like an abstract thing. Apparently, these days, there is a lack of demand in our economy.  What does a lack of demand mean? In the end, the economy consists of people.  What do