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ECB's latest move won't work

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ECB's latest move won't work

Draghi never disappoints. In his penultimate monetary-policy meeting, the still President of the ECB announced that the Eurozone’s central bank would soon resume the net asset purchase program in an attempt to get inflation back to the ECB’s 2 percent target after some months of lower-than-expected inflation. The Governing Council also agreed to lower the deposit rate to -0.5%,…

Burrowing into Books - "The Man in the White Linen Suit" by David Handler

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Burrowing into Books - "The Man in the White Linen Suit" by David Handler

“It was 1993 now. No one makes a witty remark unless they’re getting paid to, preferably on  their own nationally syndicated TV talk show. And nine times out of ten, they’re not even witty.”…

A European “no-fly list” violates civil rights

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Blogger: Bill Wirtz
A European “no-fly list” violates civil rights

Imitating the United States’ surveillance state methods will not make Europeans safer. The European Union is going through the process of creating a counter-terorrism database that will compile information from EU countries regarding ongoing investigations, prosecutions and convictions of militants, including returning foreign fighters who joined terrorist groups abroad. The measure,…

The case for legalizing paid surrogacy

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The case for legalizing paid surrogacy

Spain’s government has recently urged the Attorney General to investigate the operations of businesses offering surrogacy services. Despite not providing any evidence to support her claims, the Minister of Justice accused some of these businesses of child trafficking, criminal organization, money laundering, and false documentation. Surrogacy is unlawful in Spain, although companies…

Bashing big bosses: the favourite discipline of the French press

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Blogger: Bill Wirtz
Bashing big bosses: the favourite discipline of the French press

It is an antiphon, declared over and over again in public opinion. From high-level intellectuals like Noam Chomsky to the average citizen, everyone agrees: control by the big bosses over the media protects the former from being targeted by the latter. Jean-Jacques Servan-Schreiber was already warning of the danger of journalists losing control of their media to big business almost 60 years ago.…

The Curse of the ‘Abroad’: A Romanian Perspective

The Curse of the ‘Abroad’: A Romanian Perspective

“The civilizational ‘us’ and the extracivilizational ‘them’ is a constant in human history”.[1]  Samuel Huntington’s observations summarized in the above quote offer valuable insight, mostly regarding the mentality of former empires and great powers. For Romanians, the opposite is true. The ‘abroad’ has always been civilized, while we…

Political violence is unacceptable

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Blogger: Bill Wirtz
Political violence is unacceptable

In the wake of the ratification of the CETA agreement, environmentalists and anti-free trade zealots are ganging up on politicians who voted for it. This can't become the new normal.   Incidents in France   The French National Assembly recently approved CETA, a free trade agreement between the European Union and Canada. The left-wing media outlet Mediapart consequently published…

What is that Phillips curve everyone is talking about?

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What is that Phillips curve everyone is talking about?

Federal Reserve’s Chairman Jerome Powell testified last month before the House Committee on Financial Services. As usual, Powell answered questions regarding the present and future of monetary policy. During the testimony, Democratic Congresswoman Alexandria Ocasio-Cortez asked Powell about the weakening of Phillips curve and its relevance for today’s monetary-policy decisions.…

Book Review: The Ethics of Voting

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Book Review: The Ethics of Voting

The Ethics of Voting By Jason Brennan Princeton University Press, 2012. 229 pages, $16.44 Voting in local, national, or supranational elections is in general seen as an act of good citizenship. Even though participation rates vary from country to country, a large percentage of the population in advanced democracies go to the polls quasi-religiously in every election. Yet few people reflect…

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