All Markets Are Rigged
Are all markets rigged by HFT? The SEC and FBI are going to try to find an answer to this question.
Eurozone
Two Steps Towards a More Liberal and Accountable Europe – a Response to Dahrendorf’s Warnings
Besides the problems Europe is facing when it comes to competitiveness and the welfare state, the most critical and dangerous one is that of cohesion, including social cohesion.
On the Motorway to Euro
We can’t deny that Polish accession to the Eurozone must involve some costs. (…) And benefits that can be achieved may reward the necessary sacrifices.
Santa Claus from Brussels – Fiat Euro! 51/2012
At the end of the year, we ratified the fiscal compact. Spain bids farewell to the year of bad news. Berlusconi is alive and well. The Great Greek Wall. EFSF had a successful year.
We Have the Nobel Prize! – Fiat Euro! 41/2012
We received the Nobel Peace Prize. The British want to have their own laws at home. Will we pay new taxes to fill in the Eurozone’s budget? ESM is officially working, we will see how much it will finally cost us. Red Cross is going to help Spain. Majority of us haven’t ever won any award, so this news is completely out of the blue. We received the Nobel Peace Prize! Well, the European Union…
No New Rules But Commitment to the Old Ones
Are you catching up all the tools, actions and countermeasures designed to save the eurozone from a break-up? Let’s count them together. Bilateral loans to Greece, IMF loans, SMP, EFSM, EFSF, LTRO, Sixpack, Fiscal Pact, ESM, OMT… It’s difficult to find a politician, not to say an ordinary citizen, who understands all these abbreviations. And still, these letters mean hundreds of billions of euro. Each of these tools represents also a set of rules, which…
Sheep or Wolf – Fiat Euro! 35/2012
In Spain it will be hot after the summer. Judgment day will be on September 12. Did you sell grandfather’s gold teeth in Italy? We are treating depression by delivering news about bad situation our neighbours are in. The heat is slowing down the pace of society, but if you think it will slow down the pace of the crisis in the Eurozone, you’d better check if you don’t have sunstroke. Even though the news…
When the Moral Support Is Not Enough – Fiat Euro! 32/2012
Bouncer Ottmar Issing. ECB once again kept Greece in the game. Will the next five-year plan be merrier? Briefly today. Pandas are on holidays and without Angela Merkel who is having a rest and German Minister of Finance, Wolfgang Schauble, not much is going on in Europe. Mario Monti, Italian Prime Minister, informed Germans that he needs their help, not financial, but moral one. Spanish Prime Minister Mariano Rajoy considers asking Europe for help. Not…
Draghi’s Bluff Revealed – Fiat Euro! 31/2012
Central banks still don’t provide monetary opium, how long will the current illusions last without it? New taxes and economic growth. Milton Friedman would be 100 years old. Crisis is 5 years old. Last week we challenged the governor of the ECB Mario Draghi, who promised the moon to the markets, to stop talking and to show the money instead (Show Me the Money!). This week it turned out that there is no money to cover…
Friedman Legacy Day for Freedom in Slovakia
For the third time, Institute of Economic and Social Studies INESS was honored to organize event commemorating Milton Friedman, one of the most notable flag bearers of economic liberty. As INESS is the most frequently quoted economic think tank in Slovakia and a loud defender of market freedom, we wanted to make sure Friedman’s 100th birthday event had the prestige it deserved. The event took place in Pulitzer Restaurant in the center of Bratislava, capital…
