04 July 2025
The Limits of Limiting Democracy
The intellectual and institutional architectures built around democracy are under pressure – and evolving: Germany reformed its fiscal constitution in March, Europe’s Stability and Growth Pact is undergoing a stress test, and in the United States, the White House is questioning the independence of monetary policy. Historically, democracy has an ambivalent reputation: Plato described it as both the freest and the most unstable of governments. But how far and in what ways can democracy be limited before it loses its democratic nature? Continue reading >>
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