Freedom, private property, competition, and the rule of law proved to be more successful than an all-controlling bureaucracy. In a way, the division of Germany constituted a large-scale real-world test for the long-term effects of free markets vs. a centrally planned economy.
The goals of the colloquium are to advance among free-market think-tankers interdisciplinary perspectives on liberty, morality and free markets and to equip them with interdisciplinary arguments in favor of free enterprise. It will consist of four topic-specific sessions, on monetary policy, the welfare state, labour market policy, and the nanny state.
Back in 2012, Mario Draghi vowed to do “everything in his power” to save the euro. Four years later that promise seems fulfilled – both the recent moves by the ECB and the market reaction that followed suggest that we are reaching the limit of what monetary policy can achieve in the euro area.
Last week Bratislava had yet again the honor of hosting some of the world’s leading experts in the subject at the conference entitled ‘The Future of Money 3.0′ organized by the F. A. Hayek Foundation in Hotel Devin on Thursday, November 26, 2015.
Monetary policy is one of the most important issues of our future in the EU. The event “Future of Money 3.0” will join unique personalities from the practical field of investing world and theoretical scholars and visionaries in the field of monetary policy at the same time.
Perceiving deflation through the prism of an unmitigated disaster is today as unassailable as motherhood. Over the course of the past week, three different media outlets asked three INESS analysts to give their take on the “perils” of falling prices for the European economy.
If history repeats itself, Bitcoin could fall to 500 or 300 USD. But who knows? The fact is that in the longer term, it still has much greater potential than today’s prices.
The overwhelming majority of financial crises since the early 1970s has been caused by mistakes in monetary policy.
Hayek proposes a simple solution to set us free from economic downturn – do not use the same recipes which caused the downturn.