Feb
22nd
Sun
22nd
Klaus said that the economic downturns are like a flu: if you don’t cure it, it takes 7 days. If you do, it takes a week. He was also surprised that Bastiat’s famous fictitious petition from the 19th century - a request by candle producers who wanted to be protected by the government against an unfairly advantaged competitor, the Sun - became real in the EU’s decision from November 2008 to add 60% tariffs on Chinese candles.
