Gottfried von Haberler Conference 2016

“There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”     John M. Keynes (1883-1946)

haberler conference 2016

“Governments everywhere and at all times have been the chief cause of the depreciation of the currency.”    Friedrich A. von Hayek (1899-1992)

Central Banks, Fiscal Policy
and the Betrayed Citizen

Über Zentralbanken, Schuldenpolitik und den geprellten Bürger

The XII. International Gottfried von Haberler Conference took place on May 20, 2016 in Vaduz, at University of Liechten-stein. Topic: “Central Banks, Fiscal Policy and the Betrayed Citizen” – German translation: “Über Zentralbanken, Schuldenpolitik und den geprellten Bürger”. As usual the event was organized and hosted by ECAEF – European Center of Austrian Economics Foundation. Support of the University of Liechtenstein and multiple local and international sponsors was gratefully acknowledged.

Academic Director: Kurt R. Leube, Tel. +1 650 248 4955,
email: krleube at stanford dot edu

Administration: Rosmarie Lutziger, Tel. +423 235 1570,
email: rosmarie.lutziger at lgt dot com

Media Contacts: Susanna Gopp, Tel. +423 237 5858,
email: susanna.gopp at iuf dot li

Conference Program:

May 20, 2016
9:30-9:45 Welcome and Opening: H.S.H. Prince Michael of Liechtenstein

Session I: On Central Banks and Currency Competition
9:45-12:15 |  Chair 1. session: Peter Fischer (CH)

10:00-10:30 “On Central Banks and the ‘Taylor Rule’” John B. Taylor (USA)
10:30-10:45 Discussion
10:45-11:15 Coffee break
11:15-11:45 “Falsche Zentralbankpolitik, Konsequenzen und mögliche Alternativen” Peter Bernholz (CH)
11:45-12:15 Discussion
12:15-13:45 Buffet Luncheon for all participants at conference site

Session II: On Fiscal Policy
13:45-15:30 | Chair 2. session: Peter Fischer (CH)

14:00-14:30 “Über die Schulden-, Transfer- und Bankenunion” Tillman C. Lauk (ES)
14:30-14:45 Discussion
14:45-15:15 “Fiskalpolitik: Keynesians vs. Austrians” Thorsten Polleit (D)
15:15-15:30 Discussion
15:30- 16:00 Coffee break

Session III: And the Citizen? Deceived and Left Betrayed!
16:00-18:15 | Chair 3. session: Michael von Prollius (D)

16:15-16:45 “Über Rechte und Freiheit des Bürgers” Henrique Schneider (CH)
16:45-17:00 Discussion
17:00-17:30 “Overdose! The Corrupting Effects of Easy Money” Johan Norberg (S)
17:30-18:00 Discussion (topic and general)
18:00-18:15 Farewell address: H.S.H. Prince Michael of Liechtenstein

18:20 – Transportation by bus to the cocktail reception at Vaduz Castle

You can download all session papers here:

On Central Banks and the ‘Taylor Rule’
- John B. Taylor (USA)

Falsche Zentralbankpolitik, Konsequenzen und mögliche Alternativen
- Peter Bernholz (CH)

Über die Schulden-, Transfer- und Bankenunion - Tillman C. Lauk (ES)
Fiskalpolitik: Keynesians vs. Austrians - Thorsten Polleit (D)

Über Rechte und Freiheit des Bürgers - Henrique Schneider (CH)
Overdose! The Corrupting Effects of Easy Money - Johan Norberg (S)

Relevant literature  offered for sale at