The ECB’s decision on 2 February to raise interest rates again by 0.5 percentage points and to announce an equally large increase for March will go down in history as a grand misjudgement. Although it is already foreseeable that the price development in Germany and Europe will quickly approach normal values in the course of this year, the central bank risks a further deterioration of the economic development. It underestimates the current dynamics of the price decline.
Debunking a typical economist error of composition: specialization may be good for you, but not for us. Complex diversity wins. Read here
Uber used around 50 Dutch shell companies to help reduce its global tax burden, an Australian research group found. Despite earning $5.8 billion in global revenues in 2019, Uber claimed a $4.5 billion loss for […]
There is a left and right to environmentalism – and indeed a right and wrong: those who think infinite growth can continue under ‘green capitalism’ and those that face up to the truth of degrowth […]
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