German state subsidies for photovoltaic (PV) electricity generation now amount to over 200 million euros per month. Yet PV in Germany is only 30% as economically efficient as wind power, while up to 19 times as much energy would be saved if the same funds were used to thermally renovate homes....

We explore the welfare costs of inflation originating from lack of liquidity satiation for Weimar Republic's hyperinflation and three high-inflation countries. Towards the peak of Weimar's hyperinflation the costs are estimated to have been equal to nearly 20 per cent of income. For Israel,...