Is again the “Nobel Prize” in economics has been announced, and again the excitement is great. The awards were just representative of a macro-economics “rational expectations”, which has designated Paul Krugman.I can not judge whether Thomas Sargent, Christopher Sims and the price, right now, “earned” have. Readmore…
These days there are The Solidarity and the lack of solidarity. The former are for the Greece-rescue II, the latter against it. Next, anyone who is against it, is a poor Europeans, and who's a bad Europeans, the fishes, as it was in the Berlin election campaign, in the murky waters of the right-wing populists. Readmore…
Garbiel tells me about reseller hosting informationFederal Minister of Economics and Vice-Chancellor Roesler argued publicly for an “orderly state insolvency” to think. He has been criticized by his cabinet colleague, Finance Minister Schäuble, and the public, especially by Chancellor Merkel. His party colleague, Minister of State Hoyer, has criticized the Minister of Economy. Readmore…
You have to literally read to the end. Only in the last chapter of the last, fifth book of the “Wealth of Nations” Adam Smith comes to speak on the national debt. Read today reading dissolves in the wake of the crisis from € ambivalent feelings: It is comforting to see that the states in the 18th Century were not a whit better than today, but the realization that one can also bring one to despair. Readmore…
Centralizing tendencies within the European Union can not be ignored. The European stability mechanism to coordinate national economic and financial policies. Now, the Commission shall order the establishment of a unified resource and climate policy. To this end, it now creates the design of an energy efficiency policy that is formulated in the spirit of the 20-20-20-EU policy. Readmore…
Of course, one must assume Assume that media take every opportunity to create and exploit scandals in order to generate attention for themselves. Still surprised at the “case of Lars von Trier” nature and extent, is also falsified in the pages of publicly funded media. The real scandal lies here and not at Trier. Readmore…
“Inflation is always and everywhere a monetary phenomenon.”"To destroy bourgeois society, you must destroy its monetary system.”The monetary policy of central banks business is currently not easy. You are in a quandary. Unemployment in the United States and many parts of the EU is persistently high, not only in Germany. Readmore…
After the just-released forecast of the working group will achieve the estimated tax revenues of federal, state and local highs in the coming years. There is talk of a multi-volume amounting to € 135.3 billion by 2014. Faced with a national debt of least 83.2% of gross domestic product should consist agreement about the fact that these revenues are used primarily for debt reduction. Readmore…
Appeared recently in the working paper series of the Bonn Institute for the Study of work a paper by James Heckman, which is very worth reading. It's about the late effects of racial discrimination in the U.S., which still seem to be relevant, even decades after the successes of the civil rights movement. Readmore…
When they forced The year 2010/11 the Tunisian ruler Ben Ali to flee from his country, this triggered a wave of liberation movements in the Arab world. Comparisons with the domino-like fall of communist regimes in Central and Eastern Europe were quickly at hand, and many of us dreamed of a democratized Middle East and North Africa. Readmore…