Financial MarketsMoney and Banking
Works Published inQuarterly Journal of Austrian EconomicsThe Free MarketSpeeches and PresentationsMises Daily Article
AwardsO.P. Alford III Prize in Political Economy
Dr. Thorsten Polleit, Chief Economist of Degussa and macro-economic advisor to the P&R REAL VALUE fund. He is Honorary Professor at the University of Bayreuth.
Bureaucracy and RegulationMoney and Banking
Big banks like Deutsche Bank have the potential to take an entire economy hostage: When they get into trouble, they can drag everything down with them.
Money and BanksMoney and Banking
This timeless insight was already suggested by economist Ludwig von Mises in 1940.
The monetary policy that governments and central banks are calling for is quite apparent: “Keep it going, whatever it takes.”
There is no danger of China truly freeing its economy and thus really rivaling America's more market-based system.