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Tag Archives: European Center of Austrian Economics

“THE BIGGEST PROBLEM IS THE DEBT PROBLEM” – INTERVIEW WITH H.S.H. PRINCE MICHAEL OF LIECHTENSTEIN (PART I)

“In fact, it is easier for governments to control the spending of people in debt than those with savings. A person with financial resources is free, while debtors are hostage to their creditors.”H.S.H. Prince Michael of Liechtenstein The rare resilience and the economic and strategic prowess of the Principality of Liechtenstein have elevated the small alpine nation to a bright example internationally in terms of prudent governance. It offers countless lessons in long-term planning, in...

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