Invitation to a Lecture on Austrian Economics: “Stimulating the economy is counterproductive and creates tensions”
Event Invitation Below!
A lecture on Austrian Economics: “Stimulating the economy is counterproductive and creates tensions”
Speaker: Heiko de Boer, Pictet Asset Management, The Netherlands
Organised by the Ludwig von Mises Institute – Europe
Date: April 18, 2024 Time: 5.00-7.00 pm
Venue: Holland House Rue d’Arlon 20, Brussels, 1st floor
Rsvp before April 15, 204!
About the Speaker:
Heiko de Boer joined Pictet Asset Management in August 2018 and is a Senior Sales Manager, responsible for the Netherlands.
Prior to joining Pictet, Heiko spent four years at AXA Investment Management in a Dutch Sales and Client Relationship Management role. He joined AXA in 2014 from APG, where he had worked for six years as a Senior Account Manager, servicing Dutch Pension Funds. From 2004 to 2008, he was a Director for European Sales at Northern Trust and First State Global Investments.
Heiko previously worked at ING Investment Managers and State Street Global Advisors. During this time, he dealt with Investment Consultants Europe-wide, latterly focusing on the UK, the Netherlands and the Nordics.
Heiko started his career at Robeco in 1992 where he was a Portfolio Manager in Asia Pacific Emerging Markets until 1997, before joining their institutional business development team.
Heiko completed an Econometrics degree at Rijks Universiteit Groningen.
Explanation of the topic:
A model generally serves as a tool to support policy. However, the economic model focused on inflation and economic growth has been elevated to truth. Governments and Central Banks intervene if society does not comply with the model outcomes. They are making frantic attempts to get ‘the economy’ under control, so that it meets the imposed standards of rising prices (2% per year) and a continuous increase in GDP.
The Austrian School view is that these 2 control variables are not good. An improvement in people’s situation in the form of greater prosperity and well-being cannot be measured. Man and society do not function as a model. Prices are a means of clearing the market. Whether prices rise or fall on average is irrelevant.
A policy aimed at improving purchasing power and accepting falling prices would be better and contribute to a society that generates a profit for all people. The more our monetary policy erodes these profits, the more central banks lose their credibility, the less sustainable the current monetary system is.
5.00 pm: Welcome and introduction by the president of LVMI Europe
5.05 pm: lecture by Mr. H. de Boer
5.55 pm: Q & A
6.15 pm: Reception
Registration & Further Information:
Entrance fee: 50€ per person on banking account: BE09 363001621657.
Members LVMI Europe: 40€
Payment on entry is no longer possible. Guests are always welcome.
Paying via PayPal is possible and an invoice for your company can be provided for.
To register, please send us your name and affiliation via e-mail before April 15, 2024 to: email@example.com. The institute is looking forward to welcoming you!
Organizer: Ludwig von Mises Institute – Europe
The Ludwig von Mises Institute-Europe was officially established on 12th October 2002 as a non-partisan think- tank fostering an open and free society. Since its foundation in 2002, the Ludwig von Mises Institute-Europe has successfully organized a variety of conferences, symposia, discussions, targeted dinner debates and lunch debates, discussing topics like: The growing role of the EU; Knowledge & Innovation; Transatlantic Relations; Tax Competition; Better Regulation; and Islam and the EU, FTT, Banking Union, Banking and Monetary Policy. Cybersecurity and Cyber Defence LVMI Europe has several important publications to its credit, like: “Hayek revisited”2002, “Better Regulation” 2010 “Banking and monetary policy from the perspective of Austrian economics”2018, “The Austrian School of Economics in the 21st Century” 2023