Alan Greenspan, chairman of the U.S. Federal Reserve 1988 – 2006, wrote in his essay “Gold and Economic Freedom” in 1966:”In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves. Readmore…
What to do with products that are in our own country is not it? They are exported abroad. In this concept, with which the German industry has long been so successful it has now apparently also the Federal Minister of Economics headed.For Bailout for Greece, at the special summit on the 21st € Was decided in July 2011, includes measures to revitalize the country's competitiveness. Readmore…
No sooner had The parties to the recent crisis summit on 21 Their decisions made in July 2011 there extensively acknowledged and celebrated as the end of the debt crisis, there was new unrest in financial markets. The focus was on Spain and Italy, whose debt securities by the European Central Bank have been purchased to support the markets and prevent a rise in interest rates. Readmore…
Excessive political rhetoricSyndicates live from the acceptance of their members. Politicians like to advertise for ends whose existence rather less moral than economic in nature. The European Monetary Union is by its nature an association for those EU members who see a pooling of monetary policy and thus a single currency and an override of the exchange rate as an adjustment variable to gain an advantage. Readmore…
“It's never been able to do with bad economics is good politics.”A little over two and a half years, to celebrate the 10th Anniversary of the euro, was the world of Euromantiker still in order. The speakers came thick and if the value of outstanding domestic and the international strength of the new currency. Readmore…
From 26 June to 17 July 2011 will be held in Germany, the FIFA Women's World Cup. It is transmitted in 200 countries, where they will be in Germany on ARD, ZDF and sport to see in €. Overall, the women's football in Germany to become more attractive, which increased media interest in this now very high and the membership of women in the DFB is clear. Readmore…
After over 30 years of membership I joined a few years ago from the SPD. Joined I was originally, because the former CDU sought to reinterpret a mere change of government as a kind of coup. I felt as a sign that the Christian Democrats still do not play by the rules of law had sufficiently internalized. Readmore…
John Taylor has recently published on his blog following graph the relationship between unemployment rate and investment rate in the U.S. from 1990 to 2010:Source: John TaylorHe compares this graph with the corresponding relationship between unemployment and government consumption ratioSource: John TaylorAnd comes to conclusion that the “most effective” way to reduce unemployment, increase the investment rate and government consumption ratio is not. Readmore…
After Apply since the beginning of new rules for the financing of statutory health insurance, now urges the reform of the financing of social insurance. Again, there is more to pension plans that provide the latest health policy laws work was at best rudimentary.The number of people needing care is likely to double by 2050 to almost 4 ½ million, almost. Readmore…
If you, dear blog readers, in 2011, their 47th Birthday party, then one can only congratulate you: From now on, it goes uphill. You just have the most rotten, joyless years of your life behind. Now it can only get better. As you have not even noticed. Then take a look at once to this curve, the British “Economist” has just been printed in its year-end issue. Readmore…