Author: David Friedman, translation of an excerpt from "The Machinery of Freedom" The concept of property is of fundamental importance to our society and probably to any functional society. On an operational level, it is understandable to any child over the age of three. On an intellectual level, however, almost no one …

Highlights: - Construction production accelerates sharply in January, reaching record levels for the last 10 years - Consumer inflation accelerates, that of industrial goods slows down - Housing lending continues to accelerate and also grows at record levels for the last years - Industrial sales and production grow by …

"Skin in the Game," the new book by famed financier-turned-philosopher Nassim Taleb, is the most important book published in recent years (probably since his last book, "Antifragility," which was published in 2012). Taleb is one of the few thinkers throughout human history whose writings...

After examining the main differences between gold and silver as investment assets in the previous two articles, in this article we will pay attention to three main indicators whose dynamics have a relatively high level of correlation with their price dynamics. First, we will pay attention to the macroeconomic indicator, which is most often …

Earlier this week, we from the EKIP were officially quoted by one of the largest newspapers in Germany – Die Welt. As part of Die Welt’s coverage of Bulgaria’s application for eurozone membership, our team was recently interviewed about our expert opinion on the topic. In their article Die …

|Full text of the analysis| The state pillar of the pension system in Bulgaria is in a state of practical bankruptcy. The situation is so critical that for working Bulgarians, who are currently in their 30s or 20s, most likely there simply will not be money to pay their pensions when …

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 ...

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...

Over the past week, the proposal of the Minister of Tourism Nikolina Angelkova to introduce stricter regulation of sites like Airbnb.com has become a serious subject of debate in the media space. Angelkova's thesis is that these sites practically operate as intermediaries of hotel services. For the uninitiated, in simple terms Airbnb.com is …

Having examined the global demand profile for gold and silver in the first part of this series comparing gold and silver as investment alternatives, let us now turn our attention to the price dynamics of the two metals. By comparative analysis of trends in the price movements of gold and …