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Convincing people that dropping prices put them in harm’s way is a marketing bête noire on a par with electing a diehard intellectual to the office of president. But politicians and their financiers have managed just that. Perceiving deflation...
Last week belonged to Bitcoin. Everybody talked about it and we had some records concerning Bitcoin. First, it surged to a new USD record high when it added 100% gains in only 7 days. Then it surpassed 1,000 USD. The fact is that it did so at...
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...
In 1974, a renowned economist and Nobel Prize winner Friedrich A. von Hayek in his speech “The Pretense of Knowledge” criticized the economic policy of that time: “We [economists] have indeed at the moment little cause for pride: as a...
