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Tag Archives: Politics

“Radical efforts seldom work if they are deprived of common sense” – Part II

Interview with Fernando del Pino Calvo-Sotelo: Part II of II Claudio Grass (CG): In your analyses and articles on the issues around the covid crisis, you have adopted a very rational and calm approach, focusing on evidence and scientific facts. Why do you think it is that so many people, both among the governing and the governed, have failed to use these logical tools in dealing with this pandemic? Why does emotion prevail over logic so often? Fernando del Pino (FdP): Pascal...

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“Radical efforts seldom work if they are deprived of common sense”

Interview with Fernando del Pino Calvo-Sotelo: Part I of II Even from the early days of the covid crisis, most sensible observers were concerned that the risk of mass panic and of fear overtaking reason was going to be much higher and much more severe than the biological threat itself. As the weeks and months went on, those concerns were substantiated, as politicians and the media all over the world fueled the flames, bombarded the public with apocalyptic images and chose...

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Swiss president warns EU against reprisal after collapsed negotiation

Last week, negotiations between Switzerland and the EU ended after failure to find agreement on key elements of a deal governing the relationship between Switzerland and the bloc. Over the weekend, Switzerland’s president Guy Parmelin defended the abrupt break in negotiations and sent a clear message to EU strategists in Brussels. Speaking to the newspaper NZZ am Sonntag Parmelin said that the EU would harm itself if it sank trade relations with one of its most important trading...

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Inflation risk takes center stage – Part II of II

The hidden tax A lot of people might be aware of historical cases of hyperinflation, like that of Hungary and the Weimar Republic, or even contemporary ones, like that of Venezuela. And yet, these are taught or reported like extreme cases, very far removed from the daily experience of most modern Western citizens. They are presented as though this sort of thing “could never happen here” and very often, the mechanisms and the conscious choices that led to these...

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Inflation risk takes center stage – Part II of II

The hidden tax A lot of people might be aware of historical cases of hyperinflation, like that of Hungary and the Weimar Republic, or even contemporary ones, like that of Venezuela. And yet, these are taught or reported like extreme cases, very far removed from the daily experience of most modern Western citizens. They are presented as though this sort of thing “could never happen here” and very often, the mechanisms and the conscious choices that led to these disasters are being...

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Swiss prepare for EU chill after quitting market access talks

In Brussels there was shock and anger. In Switzerland, quiet celebration and relief — but, for some, doubts about what exactly comes next. An employee checks an oscillating surgical bone saw blade at the company Gomina in Niederwald, canton Valais, Switzerland, in 2018. The Swiss medical devices sector, which exports almost half of all devices to the EU, is expected to be affected by Switzerland’s decision to pull out of an institutional framework agreement with the...

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Inflation risk takes center stage – Part I of II

Over the past couple of weeks, we’ve been seeing more and more mainstream headlines about inflation fears being on the rise, both in the US and in Europe. Central bankers on both sides of the Atlantic have been doing their best to assuage these concerns, promising that they have everything under control and that the situation will without a doubt normalize soon. Still, all these assurances have failed to convince the markets and many investors are starting to see the cracks in the...

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Inflation risk takes center stage – Part I of II

Over the past couple of weeks, we’ve been seeing more and more mainstream headlines about inflation fears being on the rise, both in the US and in Europe. Central bankers on both sides of the Atlantic have been doing their best to assuage these concerns, promising that they have everything under control and that the situation will without a doubt normalize soon. Still, all these assurances have failed to convince the markets and many investors are starting to see...

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Nearly two thirds of Swiss support EU framework agreement, suggests poll

Switzerland and the EU have been working at failing to agree on a new agreement on Switzerland’s relationship with the EU for sometime now. One point of negotiating leverage used by Switzerland is that Swiss voters would reject the deal proposed by the EU in a referendum. However, a recent poll suggests that might not be true. © Alexander Filon | Dreamstime.comA recent poll run by gfs.bern found that 64% of a sample of voters were either supportive (15%) or fairly supportive (49%) of the...

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A fork in the road: Digital Fiat vs. Decentralized Money

I have long thought about and written about the incredible opportunities that decentralized digital technologies have brought forward, especially when it comes to solving financial and monetary problems. The more these technologies and their applications develop and mature, the more I believe they hold many of the answers to some our most complex challenges. Chief among them is the future of money itself: the idea of a decentralized, robust and independent system of freely competing...

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