The fear is going around

Fear, or at least concern, is sweeping the financial markets. Are the current rising prices having a negative impact on growth? Will interest rates rise and strangle the economic recovery? According to the textbooks of national economics, this would be the logical consequence. If it weren’t for the many pandemic-related special factors. Times are anything but normal at the moment, the…


US economic stimulus programmes and infrastructure

US President Joe Biden, disparagingly called “sleepy” by his blond-haired predecessor, has clearly exceeded expectations in his first 100 days in office. In foreign policy, he has spoken plainly and told the despots in Moscow, Beijing, Istanbul and elsewhere what he thinks of them and what they can expect. In terms of economic and social policy, he has even stepped up a gear –…