Tag Archives: against crony capitalism

A young man

Mr. Renzi Continue reading

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The true reasons why the rich get richer

The increasing wealth divide between rich and poor is usually being portrayed as the result of neo-liberal politics. In reality, however, it is the result of an anonymous, planetary mass market that through its sheer size multiplies the rewards of those who are being celebrated as successful. Continue reading

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Woody Allen

Is it fair that free market philosophy expects you to reinvent yourself, if necessary as a supermarket cashier, if your former existence as state of the art socialite has become untenable? Continue reading

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Poor Bank Examiners!

The new Volcker rule bans proprietary trading by big banks. But considerable systemic risk challenges remain even after the new Volcker rule has been adopted Continue reading

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Obamacare may not be the main problem, but the lack of structural reform is

The government shutdown in the US is less inspired by the aversion against Obamacare than by the fact that no meaningful structural reform in the US entitlement system has so far been undertaken. Continue reading

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What has the University of Michigan done to stop Detroit

Shouldn’t a cutting-edge university like Ann Arbor have generated the entrepreneurs that would have averted Detroit’s bankruptcy? Continue reading

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This is outrageous!

It is completely mistaken to use the Cyprus savings account tax as a blueprint for future bank rescues. All this happens because the European Union erroneously subscribes to the common wisdom that it was wrong to let Lehman Bros go bust and that every bank should instead be rescued in order to avoid a systemic risk for the entire financial system.
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We cannot return to the innocent Citro

The argument that Southern European countries need to exit the EURO in order to regain the capacity to devaluate their currency if economic reality dictates so is flawed. After all, it is really hard to imagine that people anywhere could go back to the old Citro Continue reading

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But do pro-growth policies actually work?

It is clear that Italian voters in their majority prefer a less rigorous austerity approach in domestic economic policy and opt for Keynesian spending policies instead. But do these pro-growth policies really work? Continue reading

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In favor of a Transatlantic Free Trade Agreement

Despite the philosophical and political differences between the US and the EU, a transatlantic free trade agreement makes sense. After all, it is better to deal with the turbulences that a non-perfect friendship creates than to stomach the upheavals that a bitter rivalry brings about. Continue reading

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