The spectacle never fails to impress. The clever economists shake their heads with concern and raise their index fingers in warning: the nations of the world are living beyond their means and the towering mountains of national debt are exceeding the threshold of comprehension. …
These days, we are treated to an interesting spectacle. Although the ‘greedy beast’ called inflation met its demise in plain view quite some time ago, the flock of sheep continues to bleat as if nothing had happened. The fear of the sheep is fueled by the ‘experts’ who are paraded through the media every day, …
These days, it is easy to see how a misunderstanding of economic processes can lead to enormous political conflicts. The tariffs that Europe, driven by the European Commission and its head Ursula von der Leyen, wants to impose on Chinese electric cars show once again that modern politics causes enormous damage because politicians do not even begin to understand the systems they are intervening in. …
Last week, a book of mine was published – in German for now – in which my kind of economics (what I call relevant economics) is given a scientific basis. The title is: “Principles of Relevant Economics”. Eight most important statements (representing the 8 chapters of the book) are printed on the back of the book, …
