A looming Italian tragedy
According to Karl Marx, history repeats itself – the first time as tragedy and the second time as farce.
According to Karl Marx, history repeats itself – the first time as tragedy and the second time as farce.
There is a saying that when things cannot go on forever, they will eventually stop.
Few things about this year’s British general elections are predictable.
As recent economic data shows, the German economy is dramatically slowing.
In an ideal world, an economic liberal like myself would happily enter a debate supporting the moot that it is financial fundamentals driving investment markets.
Markets are very good mechanisms for allocating resources via the price mechanism.
The Bundesbank has put forward its own proposal on how to deal with acute debt crises in the future.
Shrinking government spending and government debt is vital if we want future generations to enjoy prosperous lives.
Will people eventually realise that the printing press is no substitute for good policy?
At the moment, the only countries able to function with the euro are those of the healthier euro core.
© Dr Oliver Hartwich