The Banking Union creates incentives for decapitalization and destabilization of our banking system. The Banking Union would most likely not help restructure local banks. Bulgaria no longer has its own bank resolution fund. In such a situation, the cost of bank bankruptcies falls through the budget onto Bulgarian taxpayers. On October 1, 2020…

In the famous essay "What is seen and what is not seen" by the French economist Frederic Bastiat, there is a brilliant insight. It is that every action in the socio-economic sphere has visible but also invisible consequences. The invisible are events or processes that did not happen because of the undertaking of one or …

The title is a quote from the Report-Analysis of Quality, Defects and Complaints at the Electric Transport Plant "6th September" - Sofia. The document dates from the second half of 1961. It is an internal attempt by the plant to identify organizational, technical and other shortcomings in the production of electric forklifts. With the help of authentic archival sources from the end of …

The belief that various economic and social problems are solved by adopting or improving special laws, regulations, and ordinances is a persistent myth. Its existence is most easily established in the conditions of an election campaign. Then all competitors offer legislative programs that should improve the lives of voters. The myth is systematically nurtured …