By Dr. Brendan Brown
The announcement of Euro-QE was not the start of Europe’s monetary Dark Age. That started many years ago with a long lead-in which we could date back to Chancellor Kohl’s undermining of the “hard Deutsche Mark Bundesbank” in the late
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
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
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
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
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
Recently Germany banned the ride-sharing service Uber from operating in Germany. That is hard to justify as the service is entirely voluntary, people offering rides for other people. The only justification is to protect the taxi industry. Therefore, the German courts
The EU has just changed its methodology to calculate GDP. Estimates show that the new methodology will make the European Union’s GDP rise by 1.9% (weighted average of Member states).
In 2014, the new European System of National
Capitalism gets into deep trouble when the price of financial assets becomes completely disconnected from economic reality and common sense. What ensues is rampant speculation in which financial gamblers careen from one hot money play to the next, leaving the financial system distorted