At the BSP plenum on Friday, Prime Minister Oresharski presented his action plan to his socialist colleagues. The Oresharski Plan - also known as "protest as much as you want, don't bother me" - contains the priorities of the "program government" of the ruling BSP-DPS coalition.
More »Budget update: accumulating debt is saving
Today, the Bulgarian parliament approved the government's budget update proposal in first reading. The bill envisages an increase in the deficit from the current 1.3%/GDP to 2%/GDP and raising the ceiling for issuing new debt this year from BGN 2 billion to BGN 3 billion.
More »Deficit without tears: US currency hegemony
The fundamental reason behind these imbalances is the monetary policy of the US central bank – the so-called Federal Reserve (Fed). Increasing the money supply, reducing interest rates and buying government debt lead to excessive consumption, inflation of bubbles and growth of government spending and debt.
More »How to (not) vote. Elections to extend the transition
Tomorrow, Bulgarians will have the unique opportunity to choose who will not reform the health, pension and education systems; who will redistribute part of their wealth; who will support one or another monopoly and who will worsen the state of the economy. In other words - tomorrow, Bulgarians will vote to preserve the status quo.
More »Market, not good governance in Bulgaria
Darik Radio has published the Charter for Good Governance of Bulgaria 2013-2018. The document, authored by over 20 experts and analysts, aims to draw public attention to priority areas for the Bulgarian economy and society. It examines the problems of these areas and proposes reforms that will push Bulgaria …
More »The quasi-socialist Roubini
Yesterday, economist Nouriel Roubini gave a lecture in Sofia on the topic "Growth Opportunities for a Small Economy in a Globalized World". He is best known for predicting the Great Recession. Capital Newspaper writes that Roubini is arriving in Bulgaria to "share his perspective on the economic situation in the country and in …
More »The Bulgarian is a citizen, not a subject
The answer determines how free and prosperous a people is. What we need in Bulgaria is not so much a change in the rules of governance, but a discussion about the appropriate role of government. If we want to be free and have sustainable prosperity, we need to redefine this …
More »The Vicious Friendship Between Citizens and Politics
If activists want more control over themselves, if they want to have the opportunity to express their interests, they must fight for less control of politics over citizens. They must fight for control of their own lives, not for centralized control over society.
More »What is the price of monopoly?
Yesterday there were protests again against high electricity prices. Those who took to the streets are not satisfied with the level of the price they have to pay for electricity consumption, and this makes sense and is understandable to some extent. Every consumer wants to pay as low a price as possible for the goods they consume.
More »The coordination process between education and the labor market
One of the effects that occurs as a result of the state obstructing the functioning of market signals is that people cannot calculate whether it is worth studying A, B, or C, as education that provides knowledge valued by the market at a level that exceeds what they would receive if...
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EKIP– Expert Club for Economics and Politics A Different Opinion