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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The Challenge Those who take part make a commitment to increase the fraction of their expenses that they pay in cash and to work on getting others to participate – in personal conversations, via social media, newsletters, lectures or letters to the editor. In this way, we want to ensure that no further decrease in […]
Welcome to the weblog Money and More by Norbert Häring, a non-commercial after-work blog on economic and social issues that does not spy on its readers. For the lifetime you invest here, you will receive information, analysis and comments that you will rarely find in the other media. I usually report or comment only if […]
All too often the power of money seems insurmountable. This is a story that shows that courage, tenacity and solidarity can do a lot. In this case, a powerful, extremely well connected academic and his institute, lavishly financed by Germany’s largest employer, fell because they wanted to silence a critic who fought back.
The trend toward a digital world currency: The winner takes all is a basic rule of the digital economy. Whoever is ahead has a large advantage, just from being ahead, and has a good chance to end up as a quasi-monopolist. This has two main reasons, called network effects and economies of scale. Network effects […]
The war on cash that is currently being waged in India and other developing countries is the culmination of a “financial inclusion”-campaign originating in the US in the 1990s. The purported goal and the US institutions pushing the agenda are the same as in two earlier financial-inclusion-drives, which have been thoroughly discredited: the subprime mortgage banking […]