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War Economy: Back to Basics
As Europe reacts to the reality of war, the state is poised to take a much more interventionist role all over Europe. The scramble to secure the very basics of a functioning economy, food, energy, and security, has the potential to change policies and the way we think about them. War seems to concentrate people’s minds on what is essential. Strongly held beliefs about balanced budgets, state restraint, and arm’s length regulation take a back seat when physical security is at stake. Maybe the most striking example of this shift was a speech held by German finance minister Christian Lindner before the German ... (full story)