Essays & News

   During the press conference, which followed the 21st July’s meeting of the ECB Governing Council held in Frankfurt, Governor Mario Draghi declared that the European banking system currently has a “future profitability problem” rather than a “solvency problem”. He related profitability imbalances afflicting European banks with the high amount of non-performing loans (NPLs) in […]

Bericht von der 12. Gottfried-von-Haberler Konferenz, Erstveröffentlichung am 12. Juni 2016 bei “eigentümlich frei”     Am 20. Mai 2016 wurde in Vaduz, im Fürstentum Liechtenstein, die diesjährige Internationale Gottfried-von-Haberler-Konferenz abgehalten. Veranstalter der heuer zum zwölften Mal stattgefundenen Konferenz ist das European Center of Austrian Economics Foundation (ECAEF), deren akademischer Direktor Kurt R. Leube ist. Das […]

Essay von Prof. Dr. Erich Weede, Rheinische Friedrich-Wilhelms-Universität Bonn Erstveröffentlichung in Orientierungen zur Wirtschafts- und Gesellschaftspolitik Ludwig Erhard Stiftung e.V. Vertragen die alternden europäischen Sozialstaaten die Massenzuwanderung, die wir haben? Professor Erich Weede sieht große Gefahren im anhaltenden Zustrom von Migranten nach Deutschland und Europa sowie in der „mangelnden Bereitschaft, über langfristige Probleme und Herausforderungen […]

Vladimir Lenin, Russia’s Communist revolutionary, famously observed that the “best way to destroy the capitalist system is to debauch the currency.” Indeed, monetary instability wreaks havoc with the markets and breaks down social classes. It destroys the savings of the middle class in particular. The myth that recessions and overheating can be prevented by central […]

Doom and gloom! Voters in the United Kingdom have decided to leave the European Union. Markets are tumbling, Prime Minister David Cameron has announced his resignation and politicians around the globe have expressed deep worry. Leaders of the various EU countries, as well as those in Brussels, have voiced their regret and warned of Brexit’s […]