One of the most frequently put forward arguments in favor of the government redistributing funds through the so-called "welfare state" states: "If there are no state institutions to collect money in the form of taxes and then direct it to those in need (i.e., the poor), the latter will not be able to ...

The minimum wage (MW) has been an extremely hot topic lately. After yet another increase in the minimum wage threshold to 380 leva at the beginning of the month, we recently learned that a draft of the Council of Ministers proposes that the minimum wage level be fixed between 35% and 55% of the average. We often hear complaints about …

Nikola Filipov We would probably all agree that a functioning capital market is of fundamental importance for a developed market economy. A number of economic studies clearly reveal the strong correlation between market capitalization and the level of GDP per capita in an economy. The positives – both corporate and …

Lately I have been witnessing continuous attacks against the evil capitalism that is ruining the world. In all media, and especially in social media, this is a top thesis. This is an extremely strange phenomenon considering that practically everything that humanity has achieved – technical progress, duration and quality of life, clean environment …

Boyan Rashev Lately I have been witnessing continuous attacks against the bad capitalism that is ruining the world. In all media, and especially in social media, this is a top thesis. This is an extremely strange phenomenon considering that practically everything that humanity has achieved – technical progress, duration and quality of life, pure …

Josh Grossman Last week, former U.S. Senator and Secretary of Education Lamar Alexander wrote in the Wall Street Journal that college degrees are both cheap and an excellent investment. He repeated the usual argument about how a degree increases the holder’s income by a million dollars “on average.” It is the use of …

The Greeks said “OXI” to the austerity measures proposed by the creditors. The country missed a payment to the IMF, becoming the first developed country to boast such an achievement. The Greek banking system has been on a “bank holiday” for the second week now, and the markets are anxious about the outcome of the current crisis. Throughout …

Two days ago it became clear that the European Commission is proposing a new bridge loan for Greece. The idea is that our southern neighbor will receive 7 billion euros, maturing in 3 months, with the money to cover the repayment of its debts to the IMF (3.6 billion euros) and the European …

Ivo Kolarov "It is impossible to understand the history of economic thought if we do not pay attention to the fact that economics as such is a challenge to the conceit of those in power. An economist can never be a favorite of autocrats and demagogues. For them, he always remains a troublemaker, and the more convinced they are...

Russell Lamberti It is considered politically incorrect these days to criticize culture, but whether it uses euros or drachmas, whether it is in the European Union or not, Greece needs to somehow correct its cultural dysfunction. I am not talking about the customs of the people of the country, about their traditions, about the architecture, …