Catastrophic events can carry the seeds of fundamental improvement. Thinking beyond the day, it is clear that a future peace can only be permanently secured with new concepts. Perhaps the West, and Europe in particular, will now finally learn that this requires much more than open markets. …
If one is looking for confirmation of how important and correct our criticism of the Western institutions is, which have been dealing with the economic situation in Eastern Europe and Russia since the fall of the Berlin Wall, one only has to look to Brussels. …
Preliminary remark on the importance of macroeconomic analysis
There has been a lot of feedback on the first part of this series. Among them was the recurring question why the word “corruption” does not even appear in such an analysis, when we “know” …
Last week marked the twentieth anniversary of Argentina’s currency crisis of 2001, which brought the country to the brink of ungovernability and caused enormous social and political harm. President Fernando de la Rúa finally resigned on December 21, 2001. Just “in time” for this anniversary, …
