Fear that people will not buy new flats because they will have higher interest rates. If the people do not invest more, the prices of these assets will stagnate or fall. Whoever buys in times of a loose monetary policy, wins. When screws begin to tighten, the winner is the one who sells first.
At the end of the day, efforts to protect domestic businesses are always paid by the consumers. Nothing is free, the same is true also for protectionism. It leads to higher prices and worse quality of services that protected businesses offer.
In the Czech Republic, we have gone through four decades of central planning of prices of practically everything. And the result? Either the price has been set too high and surpluses have been accumulated, or too low, and the television in the evening informed the audience about shortages of underwear and toilet paper.
The narrative of the whole debate is not about freedom, but about the right to travel. Probably not all people should have the right to live wherever they want, but everyone should have the freedom to try it. And, after all, data show that immigrants are beneficial to the economy.
In social sciences, extremism is defined so vaguely that anybody can hide anything behind it. Anything can be outside the “mainstream”. However, if status quo is the mainstream, well – who is not an extremist then? Extremes simply do not meet, and to be an extreme defender of morality cannot be punishable.
