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Wolfgang Kasper

Wolfgang Kasper

The Latest From Wolfgang Kasper

  • Inflation: A Primer for the Bemused

    Australians have up to now gained only a limited understanding of inflation. The exceptions are those of an older generation who went bankrupt or lost their jobs in the wake of the 'Whitlam party', when a Commonwealth spendathon coincided with a wave of global oil-price increases. What is it they say about history repeating?

    Oct 24 2023

    15 mins

  • A Mighty Russian Mess

    Anthony Beevor set aside his first attempt to chronicle Russia's revolution, the subject matter proving so utterly confusing that crafting a coherent narrative eluded him. Readers will appreciate his return to the quest, perhaps inspired by Vladimir Putin's invasion of Ukraine, and Russia: Revolution and Civil War 1917–1921 is the result -- a timely reminder that it pays to study history so as not to repeat it

    Mar 21 2023

    10 mins

  • Weimar: Intoxication and Calamity

    As inflation soared production plummeted, unemployment shot up, the poor grew poorer and price controls aggravated those inflationary distortions. Conspiracy theories and resentments multiplied. In our time, when societal fragmentation is on the rise, the consequences of a splintering of public opinion in the Weimar period are worth our attention. Fractious societies fail

    Dec 13 2022

    7 mins

  • The Arduous Path Back to Stability and Growth

    Our post-Bürgenstock expectations have been sorely disappointed. Were they right, those who argued that trusting central bankers and allowing currencies to float freely was an unwarranted risk? That only a return to gold could ban inflation for good? Implementing remedies -- stable money, smaller government, freer markets -- will be a huge task

    Sep 29 2022

    14 mins

  • Growing Up Under Mao

    Amei Li was born in 1950 and belongs to the youngest vintage of victims that can directly recall the horrors of the Cultural Revolution. Her memoir, 'Pink Flower: Growing Up in Mao’s China' is honest and authentic history at its most compelling, and timely too in light of the torments currently being inflicted on the locked-down residents of Shanghai

    Apr 14 2022

    10 mins

  • The Story of the Wuhan Flu

    When Ai Ding, the hero of Liao Yiwu’s remarkable new novel, reads that the source of the new virus has been traced to a seafood market he recognises a coverup of monumental proportions. Yes, it's fiction but its greater truth is indisputable: 'For the peaceful well-being of mankind, the China empire must break apart'

    Feb 27 2022

    8 mins

  • New Discoveries in the Cradle of Civilisation

    What is being discovered on Göbekli hill contributes to a fundamental rethinking of the Neolithic era and the emergence of the first civilisations. Was the catalyst collective safety, food production, religion or perhaps even the lure of grains to make beer? Whatever the answer, as the American archaeologist Ian Hodder concludes, the site 'changes everything'

    Feb 03 2022

    26 mins

  • The Power of Knowledge and the Forces of Ignorance

    The stock of useful knowledge grows by people researching, experimenting, learning, practising and trading. If risk-taking individuals can compete using their novel ideas they have a good chance to become a long-term force for the good. The problem is that political power and ideologically motivated coercion throughout the West now hinder discovery and exploitation

    Sep 30 2021

    23 mins

  • Dealing with China’s Turn to the Dark Side

    While Australia and its exporters have suffered much at the hands of a bullying and spiteful Beijing, we are far from alone in enduring the dragon's breath. That relapse into arbitrary and opportunistic power-plays makes some fundamental rethinking unavoidable

    Dec 14 2020

    24 mins