In recent days, we have witnessed a sharp sell-off in global stocks. The negative trend in Asia, led by the stock market crash in China, has also spread to the capital markets in the US and Europe. The speculative bubble in the Chinese stock market is starting to deflate, and monetary authorities are doing everything they can to …

A key quality of leftist intellectuals is their total denial of reality. In their fight for a “just world,” they skillfully use the rhetoric of Big Brother (not the one from television, but the one from Orwell’s novel “1984”), easily managing to mislead their audience, calling freedom slavery, war…

As September approaches, market participants are increasingly anxiously awaiting the Federal Reserve's (FED) decision on the key interest rate in the United States. Will the world's most influential central bank raise the key interest rate, which has been in the range of 0.0-0.25% since late 2008? How will this affect …

Julian Adderney[1] People who believe that capitalism is about huge, powerful, multinational corporations miss some of the key elements of free markets. Information, capitalism and open source In a surprisingly influential article in The Guardian, Paul Mason argues that the sweeping changes taking place in the economy are early symptoms of so-called “post-capitalism.” But …

On July 29, in his show, Slavi Trifonov, demonstrating deep sorrow and indignation at the decision of the deputies to reject the referendum proposed by President Rosen Plevneliev, announced that he would initiate a petition to hold a new referendum, which would include the following 7 questions: Changing the electoral system to a majoritarian one; Reducing the …

Patrick Barron Much of the commentary surrounding the Greek crisis has focused on whether or not the country will leave the Eurozone, with less attention to the structural problems that have arisen after decades of socialism. At the same time, the Greek government has borrowed more money than the local population can repay, and the depreciation of the …

In the first part of this series, we looked at what economic theory can tell us about the potential effects of the minimum wage and its increases on employment in those sectors of the economy where the least skilled (or inexperienced) workers work; i.e. the sectors that are directly affected by it. As we saw, if, …

Douglas Rasmussen[1] It is often said that markets are guided “as if by an invisible hand” to create order and cooperation among people. Markets achieve this harmonious result through the motives and mutual interest of each person. But there is another, “older” method of organizing people, namely the way of building …