Tag Archives: Politics

Chapter 5 in the CEPR eBook, November 24, 2021. HTML. From the conclusion: From a macroeconomic perspective, central banks can largely neutralise the consequences of CBDC. What is highly uncertain, however, is whether they would choose to do so – the political risks of ‘Reserves for All’ are first-order. The decision for or against CBDC thus should not only reflect the assessment of economic trade-offs, but also whether societies are confident in their ability to efficiently manage...

CEPR eBook, November 24, 2021. HTML. VoxEU, November 24, 2021. HTML. Retail central bank digital currency has morphed from an obscure fascination of technophiles and monetary theorists into a major preoccupation of central bankers. Pilot projects abound and research on the topic has exploded as private sector initiatives such as Libra/Diem have focused policymakers’ minds and taken the status quo option off the table. In this eBook, academics and policymakers review what we know...

In 2022, under the national financial equalisation mechanism, 6 cantons will transfer some of their tax revenue to Switzerland’s 20 other cantons. © Swisshippo | Dreamstime.comSwitzerland’s cantons have very different tax bases, costs and tax rates. Taxes in Switzerland are comprised of federal taxes, cantonal taxes and municipal taxes. Federal taxes are the same across all of Switzerland. However, cantonal and municipal taxes range significantly. Before 2008, all of the cantonal...

Switzerland joined the IMF in 1992 and is one of 24 members of the International Monetary and Financial Committee IMFC (Archive picture) Keystone/Stephen Jaffe/Handout The government seeks to renew its policy to support assistance measures by the International Monetary Fund (IMF). It asked parliament to approve plans to continue international monetary cooperation to the tune of CHF10 billion ($10.8 billion) by 2028. The existing legal basis expires in April 2023,...

A group called Opération Libero and the Green party plan to come together to launch a referendum to require Switzerland’s federal government to sign new deal with the EU. © VanderWolfImages | Dreamstime.comAt a meeting on 26 May 2021, Switzerland’s Federal Council evaluated the results of Switzerland’s negotiations with the EU around the institutional framework agreement, an agreement aimed at replacing the country’s current patchwork of agreements with the bloc, and decided not to sign,...

After months of outright denials and fiery persistence that inflation is not a problem and never will be, central bankers in the US, the EU and other advanced economies are now being forced to face reality, as well as the consequences of their own actions. Instead of doing that, however, they have partnered up with their peers from the political world and together, they have embarked on a campaign to disperse and deflect the blame and entirely avoid accountability. For months now,...

Lessons from the Fall of the Roman Empire – Part II of II Gold-backed civilization vs. the Welfare State Many rational economists and students of history have written countless analyses on the gold standard and the terrible impact that its end has had on the world economy. However, as the Fall of Rome clearly demonstrates, the implications of the introduction of the fiat money system and of the limitless manipulation of the currency by the State reach much further....

Lessons from the Fall of the Roman Empire – Part II of II Gold-backed civilization vs. the Welfare State Many rational economists and students of history have written countless analyses on the gold standard and the terrible impact that its end has had on the world economy. However, as the Fall of Rome clearly demonstrates, the implications of the introduction of the fiat money system and of the limitless manipulation of the currency by the State reach much further. In fact,...

An incredibly fascinating and gripping story of the modern age. Agenda:– Who was Ceausescu? (10min)– What happend? (30min)– How was life under his regime? (20min)– Q&A Join here: https://meet.jit.si/socialismkills About the speaker:Tudor is probably the best historian and tour guide combination one could ask for.– an unbreakable libertarian spirit and– specialist for socialism with a focus on Romania / Eastern Bloc– has close ties thanks to family members who were active in...

An incredibly fascinating and gripping story of the modern age. Agenda:– Who was Ceausescu? (10min)– What happend? (30min)– How was life under his regime? (20min)– Q&A Join here: https://meet.jit.si/socialismkills About the speaker:Tudor is probably the best historian and tour guide combination one could ask for.– an unbreakable libertarian spirit and– specialist for socialism with a focus on Romania / Eastern Bloc– has close ties thanks to family members who were active in...