Economics for Simpleton

Economics are a simple matter, at least at first glance. A pleasant topic, with great newspapers and pseudo-economical widespread magazines. Winners and losers, dollars in or bankruptcy out. For a long time, economics resembled alchemy or a technical equilibrium. To revive consumption, to devaluate the currency, to limit inflation, to lower interest rates: for the…

Do not listen to… your parents!!

« Listen to me! » We all learned this chorus by heart… At times we’d rather not! Should better deny remembering the parental catchphrase. Your parents experienced post-WW2 reconstruction, massive economic growth, blind material development and long-term carelessness. Didn’t Keynes predict that « in the long run we are all dead »? Yet our parents went through counter-culture events,…