In the 1970s, academics and policymakers learned the lessons of monetary and economic policy painfully through inflation and recession.

The success of a social and economic order is measured not only by the criterion of economic efficiency, but also by its ethical foundation.

The social market economy had already lost its substantive power before the Corona crisis. Now it has finally been replaced by the insurance state. The predetermined breaking point is the monetary system.

Societal prosperity does not arise by fate or chance, but is dependent on conditions and regularities. There are various explanatory approaches.