Barbara Kolm: 2013 a crucial year for the eurozone

Episode 70: GoldMoney’s Alasdair Macleod talks to Barbara Kolm, President of the Friedrich August v. Hayek Institute in Vienna, Austria, and Director of the Austrian Economics Center. They discuss the relevance of the Austrian School of economics and problems in the eurozone.

The Austrian School of economics is in their view becoming more and more relevant as Western economies slide deeper into trouble, with Austrian School economists able to explain and predict the booms and busts of credit driven bubbles. Austrian economics also places special emphasis on social behaviour of the individual, a point often overlooked by other economic theories.

Kolm states that many countries in the eurozone have been too busy redistributing wealth while forgetting to be productive and competitive. They talk about the big problems in France, where the government exerts a stifling influence over the economy. Kolm argues that we have to rethink the role of government in our modern societies.

On the subject of the euro, Kolm believes that it will be kept, but that some weaker countries will have to leave the club eventually. 2013 promises to be an interesting year as far as the currency union is concerned, with important elections in Germany and elsewhere.

In her view, more and more people will continue to be attracted to gold and silver as safe-havens amid increasing economic problems.

This podcast was recorded on 15 November 2012.


  1. eric says:

    Hello colleagues, pleasant piece of writing and nice urging commented here, I am actually enjoying by these.

  2. patrick says:

    This post offers clear idea for the new visitors of blogging,
    that really how to do running a blog.

  3. Aw, this was an exceptionally good post. Taking the
    time and actual effort to make a great article… but what can I say… I procrastinate
    a whole lot and don’t seem to get anything done.

  4. Hello! I just would like to offer you a big thumbs up for your great information you have got right here on
    this post. I’ll be returning to your web site for more soon.

  5. It’s wonderful that you are getting ideas from this paragraph as well as from our dialogue made at this time.

  6. I’m gone to convey my little brother, that he should also visit this website on regular basis to get updated from newest reports.

  7. Iona says:

    Wow, this article is good, my sister is analyzing these things, thus
    I am going to let know her.

  8. Article writing is also a fun, if you be familiar with after
    that you can write otherwise it is difficult to write.

  9. You really make it seem so easy with your presentation but I find this topic to be actually something that I think I would
    never understand. It seems too complicated and extremely broad for
    me. I’m looking forward for your next post, I will try
    to get the hang of it!

  10. Thanks for sharing your thoughts about gold watches. Regards

Leave a Reply

Your email address will not be published. Required fields are marked *