Economic Freedom

The film on the financial crisis, it has the Tübingen philosopher Chris Paret recently pointed out, is not about Tom Tykwer's thriller about an evil bank. At the end we know nothing, only that in the opinion of the CIA chiefs' something may no longer be repeated. “Have we not all made in the financial crisis the same experience? Everything was “too big” or “too interconnected to fail. Readmore…

He is 78 years old and looks to the future: “The days of free internet will soon be over” Rupert Murdoch had forecast in the spring. The most powerful publisher in the world itself would contribute to meeting the forecast: The first newspapers his News Corporation announced a few days of paid content from next spring. Readmore…

Currently dominate in economic policy as well as in corporate policy discussions rather short-term oriented topics. Economy and credit crunch are in the foreground. But with the improved economic outlook, it is time to take back long-term and structural choices in the field of view, for example, innovation in Germany and its importance to domestic and foreign companies. Readmore…

“Laws are like sausages, you should better not be there when they are made.”The Federal Constitutional Court on 20 December 2007 decided ARGEn from municipal sources and the Federal Employment Agency are unconstitutional. Long-term unemployed may not be supported in a mixed administration, in the action and liability can not be clearly assigned. Readmore…

Pirates are thriving. The “terror of the Caribbean” is off the Somali coast in less than amusing form in the film and to the surprise of most of us showed up again. That must expire in twenty-first century warships to protect shipping lanes, would have thought possible ten years ago hardly anyone. Readmore…

There seems to be general agreement that neither the severity nor the outbreak of the financial crisis has been due to a lack of Harmonised EU banking regulations. Nevertheless, on 23 September, the European Commission has submitted proposals for a sweeping “European Systemic Risk Board”. While the role of the European Systemic Risk Advisory Board is to be Merely, the European Banking Authority would have far-reaching powers. Readmore…

Rates tell us what we do – and often it's different than we intended. That is Friedrich August von Hayek's knowledge about the heart of the market economy. In his well as an alternative to Keynesianism seminal paper “The flow of goods and services” Hayek expressed the view that the analysis belonged to the prices in directing the production at the heart of economic theory: “For this is the claim of crucial importance that the coordination of economic activities, which we owe our ability to maintain the current world population, our confidence in the leadership of prices due is to be determined on competitive markets and produce the essential signals that tell us what we have to do. Readmore…

“Macroeconomics is mostly ex-post storytelling.” The contrast could hardly be greater. The stock markets worldwide, over several months in a euphoric mood. A steep economic upturn seems almost impossible to avoid. The real economy shares this optimism, however. The end of the downturn is distinguished from true, but the recovery is fragile. Readmore…

Funerals are expensive in Germany: How much does a burial of the simplest kind, and almost 5,000 EUR depending on the useful life.In Germany may only corpses are buried in public cemeteries; exceptions – a negligible magnitude – there are only for ecclesiastical and secular dignitaries and members of old aristocratic families with approved private burial places. Readmore…

60 years have provided social market economy in the Federal Republic of Germany for growth and prosperity. Absolute poverty today are no longer in Germany. Yet not only are increasing since the outbreak of the financial and economic crisis, the voices, that the social market economy, the promise of “prosperity for all” redeems less and less. Readmore…