The fundamental reason behind these imbalances is the monetary policy of the US central bank – the so-called Federal Reserve (Fed). Increasing the money supply, reducing interest rates and buying government debt lead to excessive consumption, inflation of bubbles and growth of government spending and debt.
More »2013.06
What do you call a person you don't know? Stranger.*
From a moral perspective, what are you forbidden to do to a stranger? You can't kill him. You can't assault him. You can't enslave him. Also, you can't rob him.
More »Mother tongue, manipulation and hypocrisy
The alleged idea of making the Turkish (or mother tongue) language "mandatory" in public schools has received a lot of attention in recent days. A line from a pre-election rally of the Movement for Rights and Freedoms was used by the two antagonistic-allies parties (Ataka and DPS) for another series of manipulations of sensitive electoral groups, which they ...
More »IME Research: Defining and Measuring the Middle Class*
Our editor Stoyan Panchev, together with the Institute for Market Economics, published a study on the middle class in Bulgaria. A definition is being sought that would allow for the measurement and characterization of people in the middle. See the Bulgarian version of the study.
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EKIP– Expert Club for Economics and Politics A Different Opinion