English

Behavioral scientists have observed that man as a species has developed an ability to ignore threatening or negative information. We tend not to look closely at bank statements showing debt or disturbing results of medical tests. Surprisingly, people with higher IQs are even more prone to this mental displacement than the less gifted. Such behavior […]

Trumponomics is worth a second look | The public perception of President Donald Trump’s economic program is that it is a chaotic mix of protectionist measures, tax relief for rich people, uncoordinated increases in infrastructure spending and antisocial cuts in healthcare benefits. However, it may be worth taking a closer look at the administration’s agenda […]

Originally published on asiasentinel.com The problem of debt in China is not the bursting of a bubble. It is much worse. As the Middle Kingdom approaches the worldwide record of accumulated debt, productivity losses are becoming increasingly apparent. That is very bad news. Every economy relies of a certain amount of debt. That is an […]

A short Appreciation It is 2017, and lest we forget one of the most seminal minds of our times, we should briefly recall the important work of Friedrich A. von Hayek who died 25 years ago, on March 23, 1992. Born 1899 in Fin-de-Siecle Vienna, Friedrich A. von Hayek grew up in a family that […]

In June 2016, Switzerland held a referendum on whether to introduce a guaranteed basic income (GBI) for all. Under such a system, governments regularly pay out a sum that would cover subsistence to each individual over the course of their entire lives. It was argued that since work was increasingly automated, fewer jobs were available. […]