As a start to the latest column of the EKIP, in which we will present investment comments related to the financial markets, instead of reviewing 2017, I decided to look ahead to 2018. This is actually an old tradition on Wall Street - at the end of each year, large funds and banks present …
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The Capitalist Roots of Modern Christmas
Author: B. K. Marcus, fee.org Excited men in colorful rags gathered in front of the best houses in the city and demanded to be let in. Some of them disguised themselves in pseudo-luxurious clothes, as a mockery of the unwelcome hosts, while others blackened their faces or were dressed as animals. If you try …
More »Origin and economic importance of Christmas
Christmas is the most commercialized holiday of the year?! While it is stigmatized with such statements, people rarely think about where Christmas comes from and what they actually celebrate. With this article, we bring some clarity to the historical origin of the holiday and its modern significance, especially in economic terms. How was Christmas born? The distant history Interesting …
More »7 Libertarian Themes for the Christmas Eve Table
Traditionally, Christmas Eve is an occasion for many Bulgarian families to sit down at a table and, at least for a short while, forget about television or social media. Such an atmosphere of domestic idyll and communication between generations is a great opportunity for evangelical fans of the market economy and personal freedom to bring political clarity …
More »How to defeat corruption? Not with more anti-corruption bodies
Author: Alexander Mihaylov Let's imagine for a moment that I am a senior civil servant, in some state agency I am the deputy assistant director. My position puts me in a position in which I have access to the levers of power through which I can do someone a favor, in order to …
More »Science funding in Bulgaria needs serious reform
State money for the Bulgarian Academy of Sciences is a topic on which no matter what anyone says, it will still be wrong. This is because there are two completely opposite, but equally correct, points of view. On the one hand, it is really not right for someone to receive money without working for it – in …
More »Eugen von Böhm-Bawerk: The Austrian Economist Who Debunked Marx
Some time ago we decided to translate the wiki page of Eugen von Böhm-Bawerk, one of the founders of the Austrian School of Economics. We were unpleasantly surprised that the Bulgarian translation was not approved, but then again, libertarians are people who do not pride themselves on recognizing foreign authorities (even Wikipedia), so …
More »How can we profit from the correlation between gold and silver prices?
A few days ago, towards the end of last week, the ratio of the price of gold to that of silver reached one of its highest levels in recent years. After which, in the last few days, the ratio between the two began to fall and the trend going forward seems to be firmly downward. In this context, these …
More »Trump's tax revolution in the US
Our economist Nikola Filipov is a guest on the show "Boom and Bust" on Bloomberg TV Bulgaria to comment on President Donald Trump's tax reform. He said that there are a lot of unknowns in the reform as a whole. "What is interesting about Trump's tax reform is that he doubles the so-called tax-deductible expenses," …
More »When the "honor of the epaulette" replaced the "health of the nation"
Yesterday we angered the Minister of the Interior Valentin Radev. He was offended that we took data that is freely available from the website of the Ministry of the Interior and told it to the public. The reason was the "Analysis of Bulgarian Drug Policy 2009-2016" that we published. The information "undermines the authority of the Ministry of the Interior", he said and sullenly scolded us for not ...
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