Inflation has left a clear mark on our society. However, this did not happen recently with the rise in consumer prices, but over the past eight years.

Interest rates have fallen over the last 700 years. Medium term, a return to trend values for the real rate of around four percent and the nominal rate of somewhat below six percent is likely.

The compound interest is the cornerstone of the financial world, but unfortunately its application causes problems. Humans are impatient, but compound interest takes a long time. Can we get by without it?

The ECB tries to keep inflation expectations under control through its communication. In its forecast models, however, it is subject to an argumentative circular argument. The time for illusional self-fulfilling prophecy is over.

Those who restrict the investment universe - and who, moreover, do so in numerous companies and on the instructions of state authorities - must pay a price for their virtuousness in the form of lower returns.

Social ills are blamed on the capitalist economic order, and the state is therefore supposed to steer it and protect its citizens from all risks