Antony Mueller
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How Government Ruined Higher Education
Education suffers from the same dilemma as state-run health care: the potential for cost saving remains unfulfilled since no incentives for efficiency exist. In order to get the subsidies and the other benefits from government, the universities must adhere to specific bureaucratic rules.
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Macroeconomic Highlights of 2018: A Retrospective
In 2018, all major institutions that provided the basis for the international order since the second half of the past century have come under fire, from NATO and the United Nations, to the role of the World Bank and the International Monetary Fund, to the World Trade Organization and the European Union. China flexes its muscles and…
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Where Does the Idea That Deficits Don’t Matter Come From?
While Karl Marx has served as the supplier of the political slogans, the economist Michal Kalecki has provided the guidelines for the actual policy in many parts of the world.
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The Marshall Plan: Fiction and Facts
The financial part of the Marshall plan was not the decisive factor in the West European recovery. What mattered was economic liberalization, relative monetary and fiscal stability, and the promotion of economic integration.
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The Stock Exchange Demystified
There is an indissoluble link between capitalism and the stock market. Over the long run, stocks will rise when capitalism flourishes and fall when the entrepreneurial spirit wilts. Therefore, a crash is not to blame on the stock market but on the erosion of capitalism that has preceded the collapse.
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Economic Systems and the Fate of Civilization
Modern democracy suffers from the contradiction that while most citizens mistrust the politicians and the state, and want fewer taxes and less state control, each voter is eager to use their vote in such a way as to get the largest piece of the cake.
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•
What Happened at Bretton Woods?
At the end of the Second World War, the United States assumed the helm of global leadership at the international monetary conference at Bretton Woods in the New Hampshire in 1944. The purpose of this conference was to determine the principles of the postwar currency regime.
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•
Brazil: The Challenges Ahead
The economy is in depression, the unemployment rate is in the double digits, and the fiscal situation is bleak.
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•
Why Debt-Driven Booms Are Unsustainable
Modern central banking claims to make the money supply more elastic to stabilize the economy. The rationale says that left to itself, the market economy is unstable. Yet the evidence suggests the opposite: that modern central banking is the main culprit for boom and bust.
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•
The Next Financial Crises
The next financial crisis is just around the corner. It is only a matter of time until once again the world economy will be shocked by a massive contraction of liquidity. All markets are linked, and the origin of a new crisis can come from anywhere. A global financial crisis is the result of an…
-
•
How Government Ruined Higher Education
Education suffers from the same dilemma as state-run health care: the potential for cost saving remains unfulfilled since no incentives for efficiency exist. In order to get the subsidies and the other benefits from government, the universities must adhere to specific bureaucratic rules.
-
•
Macroeconomic Highlights of 2018: A Retrospective
In 2018, all major institutions that provided the basis for the international order since the second half of the past century have come under fire, from NATO and the United Nations, to the role of the World Bank and the International Monetary Fund, to the World Trade Organization and the European Union. China flexes its muscles and…
-
•
Where Does the Idea That Deficits Don’t Matter Come From?
While Karl Marx has served as the supplier of the political slogans, the economist Michal Kalecki has provided the guidelines for the actual policy in many parts of the world.
-
•
The Marshall Plan: Fiction and Facts
The financial part of the Marshall plan was not the decisive factor in the West European recovery. What mattered was economic liberalization, relative monetary and fiscal stability, and the promotion of economic integration.
-
•
The Stock Exchange Demystified
There is an indissoluble link between capitalism and the stock market. Over the long run, stocks will rise when capitalism flourishes and fall when the entrepreneurial spirit wilts. Therefore, a crash is not to blame on the stock market but on the erosion of capitalism that has preceded the collapse.
-
•
Economic Systems and the Fate of Civilization
Modern democracy suffers from the contradiction that while most citizens mistrust the politicians and the state, and want fewer taxes and less state control, each voter is eager to use their vote in such a way as to get the largest piece of the cake.
-
•
What Happened at Bretton Woods?
At the end of the Second World War, the United States assumed the helm of global leadership at the international monetary conference at Bretton Woods in the New Hampshire in 1944. The purpose of this conference was to determine the principles of the postwar currency regime.
-
•
Brazil: The Challenges Ahead
The economy is in depression, the unemployment rate is in the double digits, and the fiscal situation is bleak.
-
•
Why Debt-Driven Booms Are Unsustainable
Modern central banking claims to make the money supply more elastic to stabilize the economy. The rationale says that left to itself, the market economy is unstable. Yet the evidence suggests the opposite: that modern central banking is the main culprit for boom and bust.
-
•
The Next Financial Crises
The next financial crisis is just around the corner. It is only a matter of time until once again the world economy will be shocked by a massive contraction of liquidity. All markets are linked, and the origin of a new crisis can come from anywhere. A global financial crisis is the result of an…