Tag: Milton Friedman
Central banks are partly to blame for inflation
The British economist Charles Goodhart recognized in the 1970s that “as soon as a government tries to control certain financial indicators, they become useless as indicators of economic trends”. The…
Ethical Investing Doesn’t Live Up To It – Opinion
“There is one and only one social responsibility for companies – to use their resources and engage in activities designed to increase their profits.” This view of the Nobel Prize…
Winners of the Nobel Prize in Economics puzzle over the causes of inflation
Global trends Handelsblatt International correspondent Torsten Riecke analyzes interesting data and trends from all over the world in his weekly column. You can reach him at [email protected] (Photo: Klawe Rzeczy)…
Europe must take responsibility and change course
Dusseldorf When the euro was introduced, the mothers and fathers of the euro always had the ulterior motive not only to promote the integration of Europe through the common currency,…
Europe must take responsibility and change course
Dusseldorf When the euro was introduced, the mothers and fathers of the euro always had the ulterior motive not only to promote the integration of Europe through the common currency,…
Inflation: Is it helplessness or unwillingness?
Dusseldorf “Inflation is always and everywhere a monetary phenomenon,” postulated Milton Friedman, who later won the Nobel Prize in Economics, in 1963 – and with this thesis determined the thinking…
Accelerator of inflation
Inflation, war, energy crisis and recession – there are striking parallels between the current global situation and the stagflation of the 1970s. At that time there were geopolitical conflicts such…
“Joe Biden is in danger of failure”
Düssel Even as a young researcher, Francis Fukuyama drew attention to himself with an almost daring thesis. The American political scientist postulated nothing less than the “end of history” and…
The overestimated power of the central banks to fight inflation
In the world of monetary policy, from the 1960s onwards, inflation was “always and everywhere a monetary phenomenon,” as Milton Friedman, who later won the Nobel Prize for Economics, put…