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What can we expect from ECB’s new president Christine Lagarde?

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What can we expect from ECB’s new president Christine Lagarde?

Habemus praeses. Incumbent IMF chairwoman Christine Lagarde was recently nominated to become the next president of the ECB after the agreement reached by European leaders last week. The French politician will take up the position next November, bringing an end to Draghi’s eight-year mandate. Draghi’s presidency has been characterized by two key aspects. First, during his mandate, the…

The death of the “Spitzenkandidaten”

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Blogger: Bill Wirtz
The death of the “Spitzenkandidaten”

The European Council killed the "Spitzenkandidaten" process. It was never great, but a return to the old appointment system will have consequences of its own.   A useless circus   The treaties of the European Union, as they stand at the moment, indicate that the results of the European elections need to be taken into account for the nomination of the president of the…

Europa wählt. Ein Ausblick auf die EU Wahlen – Bill Wirtz

Europa wählt. Ein Ausblick auf die EU Wahlen – Bill Wirtz

https://www.youtube.com/watch?v=kNxVkh0UGhc#action=share

Economic freedom and the decriminalization of homosexuality in Botswana

Economic freedom and the decriminalization of homosexuality in Botswana

Milton Friedman used to say that economic freedom is a necessary but not sufficient condition for political freedom. The case of China seems to prove the Chicago School economist right. The Asian country’s successful attempts to increase living standards through free-market policies over the last four decades haven’t been accompanied by reforms aimed at democratizing the country. Yet…

In its war against disinformation, the European Union goes too far

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Blogger: Bill Wirtz
In its war against disinformation, the European Union goes too far

The European Union wants to do more to combat the spread of fake news. The tools it uses, however, will hand too much power to the government.   Fighting fake news   When current European Commission president Jean-Claude Juncker was asked by German newspaper Bild what advice he would give to his successor (we don't know yet who it is going to be), the Luxembourger said:…

Things and joy

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Things and joy

“I looked around the rooms I did not see as rooms, but more as landscapes for my emotions, a biography of memory.”…

A selfie in Pripyat

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Blogger: Bill Wirtz
A selfie in Pripyat

I experienced some social media backlash after posting a selfie from the Chernobyl Exclusion Zone. Beyond the usual problem of annoying comments, this experience raises questions about our current social media use.   Ferris wheel selfies   The iconic ferris wheel in Pripyat, abandoned inside the Chernobyl Exclusion Zone since the accident in 1986, is a good place to take a selfie.…

Is a Paneuropean Empire the Answer for Europe?

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Blogger: Kai Weiss
Is a Paneuropean Empire the Answer for Europe?

Reflecting on Karl Habsburg’s Europe, Liberty, and Geopolitics Speech When a royal figure speaks about our future, one listens. This was certainly the case in past centuries, but it is still true today in an age when most kingdoms have vanished from the world. And so it was naturally the case that more than 150 guests at the Hayek Days, which took place in Vienna this year, hung on…

Low entry threshold, or affirmative action: a case study

Low entry threshold, or affirmative action: a case study

Over the 2010s, a pointless drama played out in the American Supreme Court - twice. A young woman, Abby Fisher, filed a personal injury lawsuit against University of Texas at Austin for not admitting her as an undergraduate. In fairness to Fisher, it turned out that the suit was the concoction of adults in her life who wanted it to become the landmark case that would bring down institutional…

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…

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