by John E. Charalambakis | Dec 5, 2019 | Commentaries
Jacques de Larosière from the Center for Financial Stability (CFS) shares his latest thinking on inflation targets and the unintended consequences from excessively accommodative monetary policy. “This challenge could be defined as follows. If we accept, as...
by John E. Charalambakis | Nov 26, 2019 | Commentaries
We are at the hinge of a new era where we are supposed to choose between a reality of tyranny and illiberalism dominated by kleptocrats, and an age of democratic institutional renewal that was the cornerstone of growth and prosperity in the last seventy years. Hannah...
by John E. Charalambakis | Nov 20, 2019 | Commentaries
Septimius Severus founded the Roman dynasty that carried his name in the year A.D. 193. That year is known as the “year of the five emperors.” The year began after the erratic rule by Emperor Commodus (who was murdered on the last day of the year 192). His successor...
by John E. Charalambakis | Nov 14, 2019 | Commentaries
Immanuel Kant’s definition of our modern era and of the Age of Enlightenment was that “Enlightenment is man’s emergence from his self-incurred immaturity…The motto of Enlightenment is therefore: Sapere Aude! Have courage to use your own understanding!” However, the...
by John E. Charalambakis | Nov 6, 2019 | Commentaries
First of all, allow us to start with some clarifications/definitions: Heraclitus Fallacy: The belief that history imposes no constraints. Failing to comprehend the past not only signifies ignorance, but is also idiotic. Parmenides Fallacy: Comparing the present with...