Yesterday in a great op-ed piece in Die Presse, Christian Ortner examined COVID 19 the economic stimulus packages and asked the provocative question: What’s the difference between a talented counterfeiter and the European Central Bank? According to Ortner, not much. In 2020 economic output in the eurozone has fallen by 7-8% and the ECB has … Continue reading Hyperinflation around the corner?
While small businesses, restaurants, or stores struggle to survive the corona crisis and unemployment has reached new heights, the fortune of Amazon founder Jeff Bezos has grown by 24 billion dollars since the beginning of 2020. Tesla founder Elon Musk has had to make do with a little over 10 billion. While the fortune of … Continue reading There’s a storm coming, Mr. Bezos…
Astrid wrote a great op-ed piece (in German) about the dangers of gloomy economic forecasts turning into self-fulfilling prophecies. Read it on Page 30 of the Friday April 24th print edition of Die Presse or on-line. Photo credit: Gerd Altmann on Pixabay
It has been one month since we last posted. Like many, we have been preoccupied. Preoccupied watching our business wither. Preoccupied finding other sources of income. Preoccupied tracking global outbreak maps, infection graphs, and mortality charts. Preoccupied overcoming ennui despite the extra time on our hands. Preoccupied sending dumb messages on WhatsApp. Too many journalists, … Continue reading This is Wilson. He now works from home.
Since childhood, I have been an avid Robert Heinlein fan (yes, despite his depiction of women in his later works) and one of my favorite aphorisms that Heinlein popularized is TANSTAAFL – “there ain’t no such thing as a free lunch.” My last grocery store receipt brings this phrase to mind. € 24.35 after discounts … Continue reading TANSTAAFL