The proliferation of apps and online platforms where anyone can sign up to provide services ranging from food delivery to language classes has brought attention to the ‘gig economy,’ along with its advantages and disadvantages.
Elon Musk urged, “Please look at the numbers, if people don’t have more children, civilization is going to crumble.”
Angela Merkel did put in place a mechanism to strengthen German government finances. However, there was a price to be paid for this achievement, namely a slowly but steadily rising burden on German taxpayers.
Caught between Scylla and Charybdis, the choice for our central bankers is hard but simple: which short-term pain comes with the best prospects for prosperity in the future?
The closer one gets to the source of policy, the less explicitly things are expressed, so I did not expect to find so direct a formulation in print. All the same, it is now worth digging into what is really intended by this conceptual guiding light of ‘resilience.’
