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Category Archives: Current events

Basic income: actually a bad idea

Recently, talking about a basic income has become, so to speak, fashionable. The Dutch Bureau for Economic Analysis has calculated the effects of such a basic income, but argued that it would be a bad idea. Without the equations, but with qualitative arguments, I shall try here to explain why a basic income does not bring the benefits we hope to see from it and why the results of the experiments that so far took place are not reliable.

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“This time is different” – how bail-ins should relieve taxpayers’ money

During the Financial Crisis of 2008 taxpayers’ money was frequently used to save banks from bankruptcy. In the Netherlands ABN-AMRO and SNS Reaal were bailed out by the government for the staggering amounts of 22 billion and 3.7 billion euro respectively. Moreover, the Irish government came into severe trouble after saving their financial infrastructure from the abyss. These rescues caused governments to take the full blow, resulting in a “free lunch” for banks’ shareholders and bondholders. As a result, taxpayers (and politicians too) were disappointed in and angry with those “irresponsible bankers”.

Bitcoin bubble

Is Bitcoin condemned to be the next speculative bubble?

With a market cap of approximately €87.4 billion and a current all-time high price of €5270 (Wilmoth, 2017),  Bitcoin’s price and success seem to be heading through the roof and beyond. While hitting the €1000 mark in mid-January , the price has since increased with almost 430%. Taking into account these  extraordinary numbers, the main question arises whether Bitcoin will be the next speculative bubble.

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Will the commercialization of football ever reach its limit?

Last transfer window will most of all be remembered by the transfer of Neymar from FC Barcelona to Paris Saint-Germain (PSG) for the astonishing amount of 222 million euro. Moreover, PSG paid 180 million euro for Kylian Mbappé. Both transfers pulverized the previous record transfers of Paul Pogba, Cristiano Ronaldo, and Gareth Bale, which all were transferred for a fee of approximately one hundred million euro.