Photo: Sebastian Albrich / Volksblatt / volksblatt.li |
It's Haberler time again! The 13th annual Gottfried von Haberler Conference opened on Friday at the University of Liechtenstein, with Prince Michael confirmed in attendance. (It's also likely that Prince Philipp, Prince Hans-Adam, and/or Prince Nikolaus were there, as all have attended in previous years.) Focusing on the theme of "Gefahr staatlicher Eingriffe" (or "danger of state intervention"), the event was dedicated to the Nobel-winning economist Friedrich von Hayek and one-time Austrian Finance Minister Joseph Schumpeter, both students of the Austrian school of economics.
In this context, Prince Michael spoke about the risks of further investment bubbles and the potential for artificial movements in market and consumer activity: "Staatliche Interventionen bergen die Gefahr, den Wettbewerb zu verzerren und dieses wichtige Korrektiv auszuschalten" ("State interventions pose the risk of distorting competition and eliminating this important corrective").
We'll update if we find out any of the others were in attendance as well.
A little more from Volksblatt.
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