Economic Freedom

The Federal Republic of Germany has about 75 million inhabitants with German citizenship. Of them were eligible to vote in the recent federal election a good 62 million, the remaining 13 million were under 18 Years of age and were not therefore as yet not ripe for a federal election. Not entirely coincidentally, it is also true that – outside of the provisions of the so-called pocket money section – a person under 18 years can not enter into legally binding contracts of sale. Readmore…

In analyzing the current economic crisis are also drawn again and again parallels to the Great Depression of the 1920s. The first strong declines in industrial production have suggested such a comparison quite. For example, there is a similarity in the bursting of the bubble or the financial market problems, and there are clear differences in detail. Readmore…

Public debts rise steadily. The so-called debt brake should, if they will ever take effect, limit the future funding of the state over burdensome debt. Behind this is the most laudable idea that citizens must be protected by tomorrow before the burdens of unrestrained public consumption today. Put another way: the excessive time-preference of today's consumer society in favor of increased future preference of saving must be lowered. Readmore…

I.The gold price has risen since March 2001 from 257.9 U.S. dollars per troy ounce by early November 2009 to about 1100 U.S. dollars – a price increase of 327%. In other words, the exchange value of the U.S. dollar against a troy ounce of gold has fallen in this period by about 77%. Readmore…

Rational financial markets? If it had gone according to Egon Sohmen, it would be the current financial crisis did not come. He was deeply convinced of the inherent stability of financial markets and the generally stabilizing effect of speculation. Readmore…

The ratification of the Reform Treaty of Lisbon will trigger the strongest centralizing thrust that Europe has ever experienced in peacetime.Reason: The binding decision in the Council quorum is lowered by about 74 to 65 percent, competence and the competence of the European institutions will be extended to questions of the common market to all contract targets. Readmore…

It is not easy to write about the financial policies of the new federal government. Iron discipline and a vivid imagination are prerequisites. For where the coalition agreement, specifically in financial matters is that he is often so incredibly boring that when reading even healthy people get an idea of ​​the suffering of the sleeping sickness. Readmore…

Given the unease about inflated central bank balance sheets and exploding national debt has begun to talk about the exit from the low interest rate policies of major central banks. The more messages a global economic recovery signal, the more it seems a return to macroeconomic everyday.The positions of the major central banks are different. Readmore…

The coalition agreement is . “? Pinch the FDP” The question is therefore, but – I beg your indulgence for pathos – bad news for liberalism and economic freedom in Germany (see also my article “The misery of the FPD” in the FAS of 26 October.I do not want to again open the whole sorry barrel, but are only three points for debate. Readmore…