Macroeconomic Monitor
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2014.03

Mises, Kant and social costs

The Natural Rights of Man and the Limits of Government Patrick Baron In The Law, Frédéric Bastiat presents the irrefutable maxim that human rights precede the formation of the state and, therefore, the collective actions of rulers cannot conflict with these primary rights. According to Bastiat, one can delegate to the state only those …

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Russia joins the race

As the world watches with rapture the unconventional oil and gas revolution in the United States, the largest crude oil producer, Russia, is looking for ways to increase its energy production capacity and maintain its leading position in the market. After more than 6 years of refusing to accept that unconventional …

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Policy to increase youth unemployment

In the middle of this week, the parliament adopted on second reading the amendments to the Labor Code regulating internships and legal relations between employers and interns studying with them. The amendments to the law aim to increase youth employment and improve the labor market. According to the new regulations, interns up to 29 years of age, …

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Deflation in Bulgaria poses risks only for the energy sector

Today, the National Statistical Institute (NSI) published data on the level of the consumer price index in February, according to which deflation in Bulgaria deepened to 2.6% on an annual basis from 2.2% in January, reaching a seven-month high. Maria Ivanova from Capital commented on the data as follows: From an economic point of view, deflation is a problem, …

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The problems of higher education are like those of a planned economy

While reading material about the upcoming debates on the topic of the “modernization” of higher education in Bulgaria, I came across a text that can clearly illustrate the essence of the problem[1]. At the end of the cited article, there are several questions asked that I would like to pay attention to, adding a few small corrections (on my behalf in italics …

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Playing with fire in Ukraine

For the past ten days, all eyes have been on Ukraine. And while the media has been discussing various political issues at length – the claims to power of the president who fled the country, the various moves of the opposition that took power, and the very real possibility that Crimea could secede from Kiev and (possibly) return to …

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