Abstract Although a lot has been philosophised about the relationship between competition and freedom, especially in the Freiburg School of Economics, there is still no universal or generally accepted definition of so-called free competition. The article attempts to find such a definition based...

The article tries to contribute to a new understanding of how money is created by commercial banks and to describe the dilemma, which after some time, every Central Bank within the fractional reserve banking system faces. This dilemma provides an explication for the politics of “cheap money”...