Let\'s be clear. We\'ve intentionally blown the biggest government bond bubble in history … We need to be vigilant to the consequences of that bubble deflating more quickly than [we] might otherwise have wanted.
It is interesting as, on the one hand, there is France calling for more centralization and more common policies on the EU level, and on the other hand, President Francois Hollande is able to say: \"The European Commission cannot dictate us what we have to do.\"
Real climate policy ignores much of the fundamental messages of economic reasoning. Hence we see huge inefficiencies and small outcomes of climate policy.
The financial crisis has been with us for six years and counting. The symptoms don’t change - growing unemployment, low or even stifled economic growth, the same ineffective measures adopted by governments and central banks.
Why should an unelected official located somewhere thousands of kilometers away prohibit the tobacco manufacturer from adding even a garlic flavour if he wishes to do so, and why could not a consumer enjoy his or her favourite mint flavour?
A survey in 1995 in 34 US states showed that the advantages of the outsourcing of road management have been used by up to 37% of the cities, and in the period of 1987-1995, the number increased by 19%.