If we want a true alternative that improves the environment, reduces emissions and strengthens global welfare, it will only come from the free market. Historical evidence and economic incentives show us that interventionism and socialism never protect the environment,  they only use it as a subterfuge to increase control of the economy while subsidizing polluters under the excuse of “employment” using the term “strategic sectors.”

Continue reading The politicization of climate: Whitewashing interventionism →

The ECB is creating a dangerous bubble and should not have cut rates by 10bps nor added a new purchase program of €20 billion per month.

1) Eurozone states are already financing themselves at negative rates. There is no need for lower rates and this disguises real risk.

This has saved governments more than 1 trillion euro in interest expenses (handelsblatt.com/today/finance/…)