Macroeconomic Monitor
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2018

What makes nations rich?

free market

/Part 1 – The Free Market/ Throughout human history, politicians, philosophers and economists from all over the world have been searching for a formula for government that would make people richer. Historically, countless different approaches have been tried. Empirically, however, it has been proven that only those political ideologies and economic theories that promote the philosophy …

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The idea that could make Bitcoin the most popular means of payment

lightning network

Blockchain technology is considered by many to be revolutionary, but it still has its drawbacks. The first and most popular cryptocurrency, namely Bitcoin, besides being considered revolutionary and eliminating the need for a bank intermediary, is slow and expensive. The drastic price spike in 2017 made it …

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The nationalization of CEZ harms all taxpayers and consumers

the nationalization of CEZ

After a week of media drama, accusations, speculation, doubts, threats and scandals, the saga "Ginka Varbakova and the sale of CEZ" seems to have found its very unpleasant ending. The government officially announced that it will try to acquire a "controlling stake" in CEZ Bulgaria. In other words, the government wants to become the de facto controlling owner ...

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Will anything change in Italy after the elections?

elections in Italy

Author: Konstantin Arestov Italy, one of the world's most indebted countries, faces a serious political test after the parliamentary elections on March 4, in which anti-status quo parties will face off against traditional pro-European parties. The next parliament is shaping up to be quite fragmented, making the formation of a new government quite …

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Ep. 2: How and why did the scandal surrounding the sale of CEZ panic the government?

In the second episode of "60 Minutes of Freedom", the founder of the Bulgarian Libertarian Society and EQUIP Stoyan Panchev, together with the editor-in-chief Georgi Vuldjev and the political expert Kaloyan Pravov, focus entirely on the scandal surrounding the sale of the Bulgarian assets of the Czech energy company CEZ. In the episode you will hear: - What a …

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The Catastrophe of the First Bulgarian Capitalism and Its Roots

Bulgarian capitalism

The first Bulgarian capitalism roughly covers the period from the Liberation in 1878 to the September 9th coup in 1944. The economic, social and cultural achievements of these decades are the subject of numerous assessments. Even the most optimistic among them do not show particularly impressive results. Results of the first Bulgarian capitalism From 1878 to 1944 …

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What is economic value? - response to Evgeny Dainov

the economic value

Evgeni Dainov, one of the most famous public intellectuals in Bulgaria, published an article a few days ago about the "economists". A text in which he criticizes at length what he describes as the "economic" way of thinking. As someone who considers himself an economist, I was of course intrigued, but unfortunately I was left extremely disappointed...

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Unified Korea – chimera or reality?

Statements from Washington, such as that of Vice President Mike Pence, that the United States is ready for dialogue with North Korea, are positive in light of the tensions that have arisen over the past year, caused by Pyongyang's series of ballistic missile tests and the US's massive military exercises on the Korean Peninsula. He commented to Ivailo …

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