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Nagel: Do we need a prosperity update? – Productivity, competition and stable money in the digital age
Ladies and gentlemen, I am very pleased to be with you in Berlin today and to give the Ludwig Erhard Lecture. I hope you all arrived safely. Maybe you were at home wondering whether it would rain today. Maybe you needed a ticket to get there. Maybe you came by bike or on foot and didn't know the way here. If so, I would be surprised if you didn't use your smartphone for this. When Ludwig Erhard presented his book “Prosperity for All,” it didn’t work so easily: back then, to get a ticket, you usually went to the train station and stood in line at the counter. To orientate yourself in the city, you needed a city ... (full story)
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ECB NAGEL: INFLATION HAS NOW FALLEN SIGNIFICANTLY BUT IT IS STILL TOO HIGH
— *Walter Bloomberg (@DeItaone) October 31, 2023
ECB NAGEL: WE MUST NOT LET UP TOO SOON, RATES MUST BE SUFFICIENTLY HIGH FOR SUFFICIENTLY LONG
ECB NAGEL: IT IS NOT YET POSSIBLE TO SAY WHETHER INTEREST RATES HAVE ALREADY REACHED THEIR PEAK
ECB NAGEL:…