European Central Bank
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The end does not justify the means
In Western democracies, leaders have given up on promoting the common good and would rather chase supporters by paying lip service to utopian goals. As a result, voters are feeling increasingly alienated and distrustful, turning toward conspiracy theories. To regain the trust of citizens, elites will need to abandon the rigid tenets of political correctness and allow a fair and open public discussion around the issues currently facing our societies.
Europe’s risky recovery funds
Europe is responding to the Covid-19 crisis with gigantic spending programs meant to shore up struggling economies. While financial support makes sense, the EU's history of doling out funds shows these initiatives often lead to fraud, corruption and market distortion. Recent reforms may not be enough to prevent a repeat ...
Fast growth in 2021, but not for everybody
Many forecast that 2021 will be characterized by vigorous growth and that, by the end of the coming year, the world economy will have recovered from the 2020 losses. The author takes a more discriminating view and argues that only a few countries, China among them, will be back on ...
Scary EU policies: Broken rules and opportunistic socialism
With the Covid-19 crisis bearing down on eurozone economies, all efforts at maintaining fiscal responsibility have been abandoned. The euro area could adopt new fiscal rules – likely ones that would allow for more profligacy and greater centralization. But the ultra-low interest rates that come with such a strategy could ...
In a panicked world, critical thinking is essential
The world is focused on the pandemic and the U.S. elections, and the dire scenarios many say they will bring. While both are important, it is crucial to understand that reacting with alarm will only lead to bad outcomes. Not considering solutions in a levelheaded manner puts individual freedoms at ...
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