The effects of the disastrous monetary and housing policies pursued by the American government in the early years of the new century became visible around 2008 with the so-called beginning of the financial (later economic) crisis. In law, the economic distortions had long been present, and what we observed after the bursting of the bubble was actually the experience …

Economists are said to be the downfall of any party. Maybe because, unlike most people, we know that there are no easy solutions in life, only painful compromises. For example, I have never used drugs myself. Not because they are expensive, illegal, or I doubt that they would be fun. Even …

This year is shaping up to be a very interesting one for global financial markets, but unlike the previous five, which focused on developed economies and their debt problems, attention is now shifting to the East. It's not that the West has managed to overcome its problems and is now confidently...

Ludwig von Mises 200 years ago, before the advance of capitalism, a person's social status was the same from the beginning to the end of his life; he inherited it from his ancestors and never changed it. If a person was born poor, he always remained poor, and if …

Roger Martin reached out his hand to the cloudy Canadian sky on October 17, 2012. A few raindrops wet his palm as he stood with his back to the University of Toronto main building, where he had just left. He turned his head for a moment and surveyed the ancient buildings. Most of them dated from the period …

Няма две мнения по въпроса, че управлението БСП-ДПС, поело юздите на политическия живот на България през последните осем месеца, е постоянен генератор на лоши политически идеи и законодателство. Управляващите имат намерение да облагат с допълнителни данъци производителите на електроенергия от възобновяеми източници, което вероятно ще доубие този бизнес. Друг интересен …

Very soon, the NSI released the inflation data for 2013, which were interpreted on the same day on BNT in the following way: "We have recorded the lowest annual inflation in 23 years. According to the National Statistics Office, this is a deflation of 1.6 percent." [1] It turns out that the data is for December...

This article examines major problems in one of the fundamental constructs of Marx's theory of capitalist economics. The shortcomings of the labor theory of value are pointed out in Marx's Capital to show how this leads to the collapse of "capitalist exploitation" as a thesis. The subjective theory of value in ...

It's mid-January and the results of the university rankings are already out. While prospective students and their parents wait for the overloaded server to load where it would be best to enroll in the fall (in case they stay in Bulgaria), here we will offer them an alternative view of the ranking itself – how much …

The extent to which government authorities have taken on the daunting task of looking after people’s health is startling. The latest – and rather absurd – example is the EU’s intention to limit the amount of cinnamon in food[1] on the grounds that it contains a toxic substance that could …