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Trainees practicing inflation and deflation of hospital tent structures, GlobalMedic Training Day, Toronto, June 2011. Photo: Wikimedia Commons While the European Central Bank, governments and many economists complain about the danger of deflation...
Photo: Detmar Doering Many myths have been spread about the character and effects of laissez-faire capitalism or so-called manchester capitalism. The „Ploetz“, encyclopedia of world history, defines Manchesterism as: „A term designating...
Despite the well known scandals and huges losses for the taxpayer caused by German Landesbanken the Länder governments are still engaged in banking. But the German Landesbanken are not in great health, or great spirits. The majority of them...
European banking union is the most important regulatory project in the European Union (EU). It is based on three pillars: common banking surveillance, rules for the execution of banks, and a legal framework for national deposit insurance systems....
On 7th November some German newspapers presented a so-called “study“ which argues that Germany ranks eighth in the world as a tax haven. This is obviously very surprising. Instead of quoting this “investigation“ and using it for policy...
The Liberal Institute of the Friedrich-Naumann-Foundation is recently dealing with current challenges in foreign policy. One of the main projects is a book, entitled “Liberal Foreign Policy in the 21st Century.” The editor, Kerstin Brauckhoff,...
Kristian Niemietz from the Institute of Economic Affairs (IEA) published an excellent book (http://www.iea.org.uk/sites/default/files/publications/files/IEA Redefining Poverty Debate.pdf) in which he argues why a war on markets is no substitute...
The worldwide financial crisis not only eroded the confidence in market economy, but also created strong demand for extensive regulation. People really dislike the rescue of banks with the help of taxpayers money. Regrettably, our media do not...
