Christmas tradition comes together. Christmas may be called a moral tradition, the tradition of Christian faith and conduct, that people would not consciously invented Christmas. Christmas is not a transitory constructivist idea, rather it is a wonderful idea for many people, the dictates of today sometimes misplaced arrogance of human reason something stop. Readmore…
Frederic Bastiat once wrote that a bad economist, in his analysis is limited to the visible effects of a policy measure, however, note the good economist also the invisible effects. Bastiat's point of view of monetary policy should be adhered to even today, in a time when the nature of inflation is largely misunderstood and ultimately supported by policies that are harmful upon closer inspection. Readmore…
The European Council has decided now but a permanent mechanism for financial assistance to Member States of the Euro zone. In the spring it was still called a rescheduling of Greece must be prevented because some banks, the crisis had not yet been entirely overcome. Statistics on Greek government bonds held by German and other banks were presented, and the “bailout” was explicitly limited to three years. Readmore…
Very decided and again not necessarily their international sympathy values is enhancing rejected Chancellor Angela Merkel by the Luxembourg Prime Minister Juncker, and the Italian Finance Minister Giulio Tremonti proposed introduction of euro bonds to cover the debt of all EU member states in the amount of 40% of their GDP. Readmore…
They are again: two economic camps, irreconcilably opposed to each other and promote diametrically opposite policy recommendations. As early as the fiscal policy re-monetarism controversy of the past century is a more Keynesian direction of market-oriented process, that is, a mechanism of action compared to the competitive pricing trusting position. Readmore…
Are on time before the start of the fall semester each year, thousands of freshmen and study space changers looking for an apartment or a room. By implementing the Bologna reforms, the situation has worsened since a change to the summer semester, for example, after completing a three-semester undergraduate studies, has become less likely. Readmore…
Are faster than expected investment in Germany after the crisis has risen again. The last year already incipient recovery in external trade, the investment in this country – how often in earlier times – suggested strong.In Germany, by the strong and broad-based recovery by now been made good strong ground. Readmore…
“Monetary union is a big mistake, an adventurous, daring and misguided goal that Europe is not one, but split open.”€ is sick. It is more than one flu, pneumonia threatens. The virus that causes illness, is a fiscal unhealthy lifestyle in the euro zone. An exuberant ending government debt is the visible symptom. Readmore…
Whether the financial market crisis is over, can not be determined with certainty, or at least severe aftershocks to stop when the debt crisis of European and other countries is taken into account. Nor can already today a robust inventory of asset losses and the overall economic effects be attributable to the financial market crisis. Readmore…
For one you can really admire Paul Krugman: his talent, same old theories without self-doubt in ever new variations, with great success among the people to bring. I'm really envious of his ability to find ingenious title. My favorite is categorical “Why Germany Kant competencies” of July 1999. Readmore…