Terrifying Echoes from the Past

Ewald Nowotny, the head of the Austrian Central Bank, has now broken the taboo by stating publicly that the austerity policy applied in the Great Depression of the thirties and the mass unemployment that resulted from this policy gave birth to the rise of national socialism. Since Nowotny is also member of the ECB board, this [...]

The Three I’s-Complex hits Germany

Sarrazin

And finally it came to Germany, the all-disrupting debate about the Three I’s-Complex – Immigration, Integration and Islam -, a debate which threatens to turn all established politics, as we know it upside down. Germany has been contaminated by moral panic, because of Deutschland schafft sich ab, a book by Thilo Sarrazin, a former SPD-politician [...]