The BNB's ambitious plan to save the banking system actually raised more questions than answers, and the end result was more confusion than relief. To top it all off, on July 14, the media reported the magic number of BGN 3.7 billion – the amount that would be needed to implement …

Financially, Japan is fast becoming a Keynesian dystopia. Its entire economy is now hostage to a fiscal time bomb. Namely: a national debt that already exceeds 240% of GDP, and which is growing rapidly because even the recent painful increase in the sales tax from 5% to 8% is not even …

Iliya Lingorski* According to Tsvetelina Dimitrova from the Executive Agency for Hail Control, radar stations in Europe provide information every 4-5 minutes. “But you can’t say how the cloud will develop at the beginning, and when it is already certain what is coming, there are 10 minutes left until the beginning. Can you imagine …

June 16, 2014 by Phil Magnes In the past few days, Thomas Piketty and a few of his more unscrupulous defenders have begun to declare the data controversy surrounding Capital in the Twenty-First Century to be over, following the publication of Piketty’s response to Chris Giles of the Financial Times. I argue that the controversy is not …

We have written on this blog many times about bubbles created in various sectors of the economy “thanks” to government intervention in one form or another. Most often through manipulation of interest rates and provision of monetary stimulus by the central bank or government intervention in the form of fiscal stimulus and certain legal …

It is true that in recent years people have dared to do business, the shootouts in the center of Sofia have long been forgotten, and shady deals seem to be disappearing (or simply being more skillfully concealed). However, is corruption in Bulgaria a fading phenomenon? Although such a development has been a long-standing dream, its implementation is still …

Iliya Lingorski* Yesterday, Sunday, June 29, we were reassured by our politicians that the crisis is over. Even that "there is no crisis." "Political parties and institutions declared their determination and readiness to provide the necessary resources and implement all necessary measures to guarantee banking stability in the country." the president said decisively ...

Yesterday, Sunday, June 29, we were reassured by our politicians that the crisis was over. Even that "there is no crisis." "Political parties and institutions declared their determination and readiness to provide the necessary resources and implement all necessary measures to guarantee banking stability in the country," President Plevneliev said decisively. They said ...