“In the short run ideas are unimportant and ineffective, but in the long run they can rule the world”History does not repeat itself. This does not apply to discussions that keep recurring. The question of how wages affect the economic development is just as controversial today as in the times of the Great Depression. Readmore…
In the 20th Century, mankind witnessed the beginning and end of one of the most terrible social experiment: to socialism. He was the inspiration for terror regime of Josef Stalin, Mao Zedong, Adolf Hitler to Pol Pot, the indescribable suffering and economic, social and cultural destruction brought. Readmore…
The European Parliament is an engine of political centralization. The centralization of the EU parliament demands go far beyond the wishes of the citizens. Numerous surveys confirm this. Table 1 shows the decision level, the citizens, members of the European Parliament and members of national parliaments in the three policy areas prefer to keep the citizens of the most important. Readmore…
On 23 April this year, headlined by the Handelsblatt 'extra salary for top athletes to bring more medals “:” The German Sports Aid Foundation wants to drive the best athletes in the country with greater financial incentives to excel. In the future, promising German athletes receive one and a half years before the Olympic Games 1500 € each additional month. Readmore…
Nobody from the experts have disputed that developed over the last two decades Serious poverty and distributional problems. In particular, growing a variety of reasons, the number of households that can not achieve on their own an income which is above the socio-cultural subsistence level. Experts know, however, also, that this is due to a rule of social factors back, as especially the breakup of families and marriages and related restrictions on the ability to pursue a full-time employment and a lack of integration of people with an immigrant background, and finally structural unemployment . Readmore…
The financial crisis has begotten again, what is used in a confusing way the concept of market failure in the meantime. The public debate – but mostly those of many sociologists and political scientists – it uses “free floating”, ie as a general abbreviation for a formula disapproval of market development: market critics find that better results would have been conceivable market and demand a political correction. Readmore…
“The complaint about the strength of the competition is in reality usually only one complaint about the lack of ideas.”Dire predictions of institutes and government put people in fear and terror. The GDP will shrink this year with 6% as strong as never before in the history of the Federal Republic. Readmore…
Private exit options are the basic protection of individuals against coercion and arbitrariness of the authorities. Through human history of the powerful over their subjects, runs like a recurrent theme in the pursuit of imperial, royal, royal, papal, priestly and political rulers for comprehensive control over the activities of the inhabitants of their secular and spiritual spheres of influence. Readmore…
There are more pleasant time for economists to be a time of crisis. As far as I remember, economic downturns were usually accompanied by a simultaneous, temporary loss of reputation of economists. On two charges can prepare yourself in every recession: You have not seen before this crisis time! is the one that you brought us with your policy recommendations until this mess! is the other. Readmore…
1 Excusable doping Suppose you were one of the most dominant rider in the Tour de France. In one of the big mountain stages pulls a driver, you could control the otherwise always pass you by and realizes a question on the increase never reached Dreamtime. Readmore…