Sometimes a very simple statement can tell you abruptly how a society lies to itself in order to avoid unpleasant contexts. So it is with inflation – and so it is with unemployment. One year of high price increases, usually called “inflation”, …
On 9 December last year I wrote that Germany is in recession, while economic and financial policy imagines that things can only go up. Since then, endless nonsense has been written about winter recessions, technical recessions and the like. Economic policy has been able to hide behind this whitewashing by the media. …
What a lot is once again being written about the coming demise of the US dollar. The German Handelsblatt, for example, publishes an immense smorgasbord of arguments under the title “World currency on call: Why the US dollar is more endangered than ever before”. …
The British Economist is considered the serious business newspaper par excellence. Anyone who wants to read fundamental, albeit conservative, ideas on economics and economic policy cannot avoid dealing with the Economist. The publisher even has an “Intelligence Unit” that offers data and analyses that are supposed to meet scientific standards. …
