Jörg Krämer on unnecessary laws with high consequential costs

“The point is to avoid unnecessary laws with their high consequential costs from the outset – in the spirit of the French state theorist Charles de Montesquieu (1689 – 1755), from whom the sentence comes: “If it is not necessary to pass a law, then it is necessary not to pass a law.”

– Jörg Krämer, Chief Economist of Commerzbank AG, in “Learning from Great Britain”, guest commentary in Handelsblatt, June 25, 2024, page 16, No. 120