Ireland is not stupid. When credit is offered, it chooses the lowest rate. Ireland’s ‘bailout’ from the European System of … Continue reading “Is Ireland exploiting eurosystem loopholes at Germany’s expense?”

The Austrian Business Cycle Theory (ABCT), developed largely by Ludwig von Mises and F. A. Hayek , predicted the present crisis … Continue reading “Euro bailout: has Germany opened a Pandora’s box?”

Germany’s federal election yesterday resulted in a stable majority for a “black-yellow” coalition of Conservatives (CDU) and Liberals (FDP). Is … Continue reading “Elections in Germany: it’s the intellectuals, stupid!”

Professor Christoph Butterwegge, a political scientist and poverty researcher at the University of Cologne, seems to be angry with his fellow … Continue reading “How entrepreneurship reduces relative poverty”

The Austrian Business Cycle Theory (ABCT), developed largely by Ludwig von Mises and F. A. Hayek, predicted the present crisis and … Continue reading “Euro bailout: has Germany opened a Pandora’s box?”

After months of agonising discussions, European leaders have agreed on a “solution” for the Greek crisis. Unfortunately, the joint efforts … Continue reading “A bailout that hurts the Germans but doesn’t help the Greeks”

In the 1960s, thousands of industrious Greek gastarbeiter came to work in West Germany. Immigration from Greece has been a … Continue reading “Don’t bail out Greece, part 2: markets unite, politics divides”

Germany’s federal election yesterday resulted in a stable majority for a “black-yellow” coalition of Conservatives (CDU) and Liberals (FDP). Is … Continue reading “Elections in Germany: it’s the intellectuals, stupid!”