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Who will succeed Mario Draghi as head of the ECB?

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Who will succeed Mario Draghi as head of the ECB?

The days of Mario Draghi as head of the European Central Bank are coming to an end. Next October, Draghi will cease to be one of the most powerful central bankers in the world after eight years in office. A hero for some, a villain for others, everyone agrees that his mandate will go down in history as one of the most decisive in the short history of the euro as he was forced to cope with a…

Remember Macron’s new food bill? It backfired as anticipated

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Blogger: Bill Wirtz
Remember Macron’s new food bill? It backfired as anticipated

Last year, the French legislature passed the “Loi EGalim”, intended to re-establish fairness between food producers and retailers. But none of the “fairness” measures have made anything fairer. Quite the contrary.   What happened   In a piece for FEE back in February, I went through the different dispositions in the bill. One of the flagship policies included…

Mr. Trump, leave the Fed alone

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Mr. Trump, leave the Fed alone

One sometimes wonders if Trump’s irresponsible statements have other objective than to show his bold ignorance on economic and political issues. Last week, the US President lashed out at the Federal Reserve for its stance on monetary policy. In a nutshell, he complained about the dollar appreciating against the Euro as a result of Fed’s policies. This, according to Trump, undermines…

What is the place premium?

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What is the place premium?

Wage differentials within a country can be explained by factors such as work experience, years of education, or career choices. Yet things get more complicated when comparing wages from workers living in different countries. When we do so, we need to take into account an extra factor: migration barriers. This is exactly what economists Michael Clemens, Claudio Montenegro and Lant Pritchett do in…

Should we sift through old tweets?

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Blogger: Bill Wirtz
Should we sift through old tweets?

Remember the tweet you thought was hilarious, but that would now land you in hot water? Yeah, you know which one. But should it even get you in trouble?   What is Twitter?   Twitter is by far the most spontaneous of all social media sites. Twitter's timeline is great for reactions, quotes, and gives a lot of visibility for a briefly worded thought. Facebook encourages…

Amancio Ortega or how anti-capitalist bias clouds the judgement of left-wing populists

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Amancio Ortega doesn’t make the headlines very often. Zara’s magnate, a self-made man who rose from being clerk in a clothing store to founding the largest fashion retailer in the world, has always avoided being in the spotlight, which has worked for him thus far. Yet when one is the sixth richest person on earth, it is inevitable to end up in the news once in a while. Ortega was…

Bill Wirtz: Preview on the EU Elections

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Blogger: Kai Weiss
Bill Wirtz: Preview on the EU Elections

On May 22, days before the European elections, Bill Wirtz, a regular contributor of Values4Europe, visited Vienna and sat down with Kai Weiss to discuss what could happen from May 23 to 26, when Europeans will be heading to the voting booth. At the forefront of the discussion was quickly the potential rise of right-wing forces. “More than a third of the MEPs could be skeptical of the…

Caveat emptor: Or credulity's reward

Caveat emptor: Or credulity's reward

At the end of April 2019, a 28-year old confidence woman, Anna Sorokin, received a lengthy prison sentence for fraud. The sequence of events was cinematic in terms of the audacity of her swindle, which the courts concluded to be well in excess of $250,000. Using the alias Anna Delvey and claiming to be a German trust-fund baby, over the course of four years she materialized for periods in New…

Cogitations: The Essence of the Self and the Longing for the Other

Cogitations:  The Essence of the Self and the Longing for the Other

The world today is busy. Everyone has a place they must be. Everyone has a pressing engagement they cannot miss. Grownups are overwhelmed at work. Children are overwhelmed at school. There is never enough time and always too much to do. What we forget in the midst of our distractedness, however, is to communicate and forge meaningful relationships. In the century of Twitter and Facebook, words…

Liberalism: What's in a name?

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Blogger: Bill Wirtz
Liberalism: What's in a name?

The European Parliament political group ALDE (Alliance of Liberals and Democrats for Europe) have announced the intention to drop the word 'liberal' if an alliance with French President Emmanuel Macron's European "Renaissance" movement is made. That's a good thing for the authenticity of liberalism in Europe.   The alliance   The announcement was made…

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