A quick stroll down the central streets of Portugal's two largest cities - Lisbon and Porto - is enough to reveal a serious problem with the Iberian country's real estate market. Half a dozen empty buildings litter the landscape of Lisbon's equivalent of the Champs-Elysees, Avenida da Liberdade - up to ...

Thomas Sowell The political slogan “War on Women” is actually a war on common sense. The statements of many politicians that women earn only 77% of men’s income and that the reason for this is discrimination are nothing more than statistical fraud. Women would definitely be discriminated against if they were doing the same …

The international system has changed significantly in the past two months. The reason for this was the Russian Federation's bid to regain the status of regional hegemon in Eastern Europe that it lost two decades ago. The method chosen for this is reminiscent of the redistribution of the Old Continent around the two world wars and the creation of the USSR – …

With its decision on April 4 to adopt amendments to the Energy Law in the first reading in parliament, Bulgaria has proven in practice that it is trying to be Russia's "Trojan horse" in the European Union. The changes to the energy legislation effectively remove Bulgaria's obligations to comply with Directive 2009/73/EC...

Just a month and a half after Russia annexed Crimea, Ukraine is on the brink of (civil) war. This time, the conflict is taking place in the eastern part of the country, north of the Sea of Azov. In this article, we will try to present a libertarian position on the events in Ukraine. Since the beginning of the month, in some of …

A game of rich and poor “Nations sometimes do indeed manage to adopt efficient institutions and achieve prosperity, but alas, these are rare cases” Acemoglu and Robinson (2012)[1] The rich-poor contrast has always been a leading theme for many, and elevating it to the level of countries is a particularly thorny issue from an economic perspective. …

It seems that the amendments to the Consumer Credit Act will be approved by parliament. According to the advocates of these amendments, they will benefit the consumer, protecting him from some allegedly bad practices of credit institutions. However, politicians often pay attention only to the visible effects that a law creates …

Lyubomir Martinov Six years after Kosovo declared its independence, we are once again having to redraw the map of Europe. Who would have thought that, against the backdrop of the upcoming referendum on the separation of Scotland from the United Kingdom this fall and separatist sentiments in Catalonia, the object of the new border redrawing would be Crimea? …

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 …

The first meeting of the Federal Open Market Committee (FOMC) with the participation of the new Fed Chair Janet Yellen rather surprised the markets with Yellen's statement that within six months (i.e., March 2015 at the earliest) after the end of the current Fed program...