It is a common misconception that gold and silver are nearly identical precious metals and investments. It is true that they are very similar in many ways, and historically the most recognizable uses of each of the two metals – as jewelry and money – are the same. But this is a misleading notion…

Murray Rothbard, "For a New Liberty: The Libertarian Manifesto" Even if we assume that natural resources are entirely private and that the free market would preserve them much better than government regulation, what can we say about the problem of environmental pollution? Wouldn't we suffer from increased pollution caused by...

Prohibition in the United States (1920-1933) is present in our minds mainly through the popular culture romanticized gangsters, secret bars and richly dressed ladies and gentlemen drinking forbidden cocktails. In fact, however, our modern societies have preserved something else that defines this historical period – and that is Prohibition itself. Although in …

Ludwig von Mises, original title in English: "Lord Keynes and Say's law" I Lord Keynes's main contribution to economic thought lies not in the development of new ideas, but in the "escape from the old", as he declares at the end of the preface to his "General Theory". Keynesians tell us that his famous ...

The work with my beloved Pirin has predictably become boring, so it needs to be commented on again. We humans love the light and fear the darkness. We associate it with the unknown, the unfamiliar, evil. Monsters are born in our imagination there. Well, it's the same in business. What do the large mass of protesters want for Pirin? …

Historical knowledge is overgrown with myths. The reasons for this can generally be reduced to two. First, the past is usually projected with political or other goals of contemporary elites and their court historians. The other reason for the mythologizing of the past is its use as a means of escape from …

A European Central Bank[1] (ECB) survey of more than 8,079 companies from EU Member States in Central and Eastern Europe (CEE)[2] aims to understand how increases in minimum wages (MW) are affecting businesses in these countries. 456 Bulgarian companies were asked what …

We've been on an environmental wave lately. From the case of Pirin National Park and the potential construction of a second lift in Bansko, public attention has shifted its focus to the extremely serious air pollution in large cities, especially in Sofia. If you live in Sofia and have been out in the last few days, you can confirm. …

Very often, when a given object from the cultural and historical heritage of Bulgaria – and around the world – is in some unenviable condition, the reactions are that “the state should take care of it.” Care, of course, must be there, but the fact that state care is expected is no guarantee of quality. If the object is …

Author: Vasil Kanev One of the most remarkable processes we observed in 2017 was undoubtedly the boom in interest in cryptocurrencies, which led to a dizzying rise in the price of the main instrument in this environment - bitcoin. From a price ranging around $ 1,000 for one bitcoin at the beginning of 2017, the market reached levels just below …