What Haering vs. Hessischer Rundfunk will imply for the legality of a parallel currency

March 31, 2020 | On 15 June, as part of the Häring vs. Hessischer Rundfunk case, the European Court of Justice will rule on the conditions under which governments may restrict the use of the legal tender of the euro area. There is a lot at stake, not only for my campaign to obstruct the campaign to abolish cash, but also for the survival of the European Monetary Union.

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Unit Labour Costs for Dummies and German Business Journalists

March 8, 2020 | Gabor Steingart, former editor of the German business daily Handelsblatt, and currently building an editorial ship* to be based in Berlin, has peered beyond the fog of exaggerated discussions on climate change and the corona virus. He has identified rising unit labour costs as Germany’s real problem. It is leading to Germany’s decline, and a loss of competitiveness. A knowledgeable look at what unit labour costs are could sweep aside his concern. …

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BIS Praises Indian Milestone Toward Totalitarianism as an Example for the World

February 16, 2020 | The Bank for International Settlements (BIS), the powerful central bank of central banks, has published a paper that is scandalous in more than one respect. They advocate worldwide adoption of the Indian government’s approach to data-sharing, which will result in every Indian citizen being stripped of all privacy. …

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EU-Budget Rules Need Reform: Reference to Nonsense Output Gaps Keeps Economy Down

February 12, 2020 | There is a much needed discussion in European policy circles about simplifying the budgetary surveillance process. One possible and much needed reform is to do away with the reference to „structural“ budget deficits, as the „campaign against nonsense output gaps“ has shown. Its protagonists have just issued another damning paper. …

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