Tag Archives: Prinz Michael of Liechtenstein

When I was asked to write an article about the impact of negative interest rates and negative yielding bonds, I thought this is a chance to look at the topic from a broader perspective. There have been lots of articles speculating about the possible implications and focusing on their impact in the short run, but it’s not very often that an analysis looks a bit further into the future, trying to connect money and its effect on society itself. Qui bono? Let...

When I was asked to write an article about the impact of negative interest rates and negative yielding bonds, I thought this is a chance to look at the topic from a broader perspective. There have been lots of articles speculating about the possible implications and focusing on their impact in the short run, but it’s not very often that an analysis looks a bit further into the future, trying to connect money and its effect on society itself.  Qui bono? Let us begin with a basic...

“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...