Macroeconomic Monitor
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2013.09

Why socialism can't work economically

Millions were killed in the name of the socialist "kingdom of plenty", and even more were the destinies marked by persecution, torture and camps. According to the well-known "Black Book of Communism", the victims of the hammer and sickle in the 20th century numbered 94 million - a staggering number, which becomes even more terrifying when we get acquainted with ...

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In memory of Ronald Coase*

On September 2, the great Ronald Coase died in Chicago at the age of 102. To the general public, Coase is known for being awarded the Nobel Prize in Economics in 1991 for his contributions to understanding the importance of transaction costs and property rights for institutional structure and functioning …

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Budget update: accumulating debt is saving

Today, the Bulgarian parliament approved the government's budget update proposal in first reading. The bill envisages an increase in the deficit from the current 1.3%/GDP to 2%/GDP and raising the ceiling for issuing new debt in the current year from 2 billion leva to 3 billion leva. It is clear to everyone that only …

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Guest article: Was it an intervention – describe it?

Do you remember "Tsar" - that famous strategy game from our childhood, in which the European race faced off with its fearsome stone giants, the Arab race with its magicians who struck down opponents with a rain of fire, and the Asian race with its agile horse samurai? If I had enough funds, I would create a new version in which ...

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