The current economic upswing could break down due to the high level of debt worldwide. Rising interest rates in the USA and a stronger US dollar are putting pressure on emerging markets. The problems could spread to Europe.

John Law anticipated today's central bank policy of "quantitative easing" in the early 18th century. Richard Cantillon saw the weakness of Law's policy and bet against it. Law's experiment went wrong and Cantillon became rich.

The exploratory talks and coalition negotiations between the CDU/CSU and the SPD lead one to expect a new German European policy in which the representation of German interests no longer plays a role.

The liberal constitutional state of mature citizens has helped its inhabitants to previously unknown prosperity. But the liberal constitutional state cannot warm the heart like the guardian welfare state, which cares for its relatives like the guardi ...

Plan C - the reestablishment of the euro as a common currency in a monetary union with hard budget constraints - would offer the only realistic prospect for a durable EMU, but it is also the least likely to be followed.

Populism is the new trend in politics. But what is "populism" and what is behind it? Integrist and identitarian movements want to transform a differentiated society into an identity-forming community by setting specific goals for the state. Ultimatel ...