There is a great deal of puzzlement at present about how it could happen that a bank in California is stormed by its customers virtually overnight. The classic bank run at Silicon Valley Bank (SVB), i.e. the attempt by many depositors to withdraw their money from this bank at the same time, …
Nothing has a harder time in these days than logic. In a world where almost everyone believes that it is all about the “right” values, the correct speech and what is understood by morality, logic regularly falls by the wayside. In politics one has get used to everything. …
In its latest monthly report, the German Bundesbank, formally a regional branch of the ECB, devoted a long essay to the relationship between money supply development and inflation. The result is meagre. Even the Frankfurter Allgemeine Zeitung (FAZ), which is not suspected of being particularly critical of the Deutsche Bundesbank, …
After the great financial crisis of 2008/2009, everyone was wiser for a moment. Gambling, as we knew after the bad experiences of that time, is dangerous in principle. It is particularly dangerous if you don’t even gamble with your own money, …
