A crisis must never be misused to extend state power

25. April 2020

by Claudio Grass, Business Development, RealUnit Schweiz AG

H.S.H. Prince Michael of Liechtenstein, in an interview with Claudio Grass, discusses the effects of the COVID-19 lockdowns on our economy and daily lives.
The Prince pleads for a balanced approach in the fight against the virus, focusing on the protection of individual health and the fastest possible restoration of our freedoms. Read more here:

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Central banks and their policy decisions are increasingly being steered by panic. At its meeting on 9/14/2013, the Governing Council of the ECB decided to raise the key interest rate for the tenth time in a row, to now 4.5% since July 2022. There was a similar flurry of interest rate hikes by the U.S. Fed, which in June 2023 raised the key rate for the eleventh time in succession to a current level of 5.5%. This was preceded by a phase of unrestrained low interest rate policies starting with the 2008 financial crisis […]

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