Good afternoon everyone. It is a great pleasure to be here in Freiburg to attend this excellent and topical conference. My thanks are due to the organisers, especially Professors Feld, Krause and Moellers, and to the sponsoring institutions, the Stiftung Geld and Waehrung and the Walter Eucken Institut, for their invitation and hospitality. I am tempted to start my remarks with the phrase: ‘And now for something completely different …’. In part, this is intended to signal a change of pace. After a series of outstanding presentations of very high quality research papers, I am afraid that I will lower the tone somewhat ... (full story)