Most economists and journalists don’t understand that when companies save rather than borrow and make investments, the state must run a deficit – a lesson that surplus-crazy Austrians and Germans have not learned, yet. Heiner […]
What looks big is sometimes less big than you think if you look more closely. Spain’s gross domestic product could well be such a pseudo giant. Why it is growing at such an incredible rate […]
Germany feels good about itself again. After its decision on the future of coal, it sees itself as a pioneer in transforming its energy production. In reality it still doesn’t want to think seriously about […]
Many in Germany can hardly hide their schadenfreude at the conflict in Britain concerning Brexit. But be careful, the real loser sits east of the Elbe. Heiner Flassbeck is an economist, as well as publisher […]
In German debt and guilt are the same word: Schuld. So, in Germany, debt has a morally negative connotation. Further, the state budget is referred to as “Haushalt”, which is the word for household. Germans […]
The European crisis can only be understood if one understands the crisis in economics that is causing it. Politics was and is slavishly dependent on the wrong economic teachings. Germany is lost without European Monetary […]
Anyone who says that the German export boom is a relatively normal event that is the result of German productivity has not studied the relevant figures. The weakness of the German domestic market proves that […]
In Germany the public image of the European crisis is rooted in prejudice. It is therefore necessary to clarify once again using the latest data what is really at stake and how the “great divergence” […]
For economic policy in most Eastern European nations, only the market counts. However, this cannot work in a world where the conditions for traditional macroeconomic management no longer exist. Heiner Flassbeck is an economist, as […]
Economic developments in Eastern Europe are not given much thought in the West – the accepted wisdom being that “the market will fix everything”. But the market will not fix everything. Although most governments […]
Copyright © 2019 | MH Magazine WordPress Theme by MH Themes
