Economic and fiscal policy

Let's not be fooled. The European economy is on the brink of recession. In the last few months, industrial production in Germany has fallen to its highest levels since 2013 (during the Euro crisis). This has dragged down the industry of a number of other European countries, such as Bulgaria, which rely on Germany as a major market …

The lack of a moral compass is a correctable evil. The ability of a person to develop and make mistakes, without this being accepted as his only and final state, helps us develop as people and as individuals. However, in order to continue to develop, we must take on …

Wherever we turn, deflation is always portrayed negatively, and every author is quick to present the fight against deflation as the absolute minimum for economic competence. There are two definitions of deflation: one is a “fall in the price level,” as measured by the so-called Consumer Price Index; a definition common to mainstream economists. …

State of the system, socio-economic impacts and prospects for liberalization This study provides a macroeconomic, socio-economic and fiscal assessment of the possibility of liberalizing the food voucher system in Bulgaria. You can read the full text of the study here. It takes into account the development of the country since 2012, especially the dynamics of incomes …

A huge change is happening before our eyes, while we keep our eyes closed. At the end of December 2018, official talks began in Brussels on a change in the decision-making procedure on tax policy issues. EU officials and certain forces in the Union are seeking to change the current system of unanimity (on the part of …

Original article: Ryan McMaken, mises.org The condemnation of consumerism is ubiquitous in modern media and popular culture. Anyone who has seen “A Charlie Brown Christmas” from 1965 knows about this struggle. Every time we see Charlie Brown opt for the “authentic” Christmas – buying himself a small Christmas tree, which is natural, …

Surprise? Or not? The state nevertheless introduced quotas for hiring people with disabilities. Now we are waiting to see what will happen. There will definitely be distortions in the market. Read my opinion on this in my previous article regarding quotas for people with disabilities. Here I will touch on other aspects of the topic, for which …

Author: William Luther - Assistant Professor of Economics at Kenyon College, Director of the American Institute for Economics Research's Sound Money Project, and Temporary Fellow at the Center for Monetary and Financial Alternatives at the Cato Institute. Shortly before November 2016, Indian Prime Minister Narendra Modi said in a speech that the 500-rupee notes ...

October was another month in which the TEAM actively participated in the public debate in Bulgaria. Our experts were sought after by the media on a variety of political and economic topics, and our report calling for the abolition of the corporate tax enjoyed particular interest. In the first week of October, the presentation of …

Guest author: Dimitar Tomov Dimitar Tomov is a young entrepreneur, owner of a small business in the technology sector, who, like many other Bulgarian entrepreneurs and workers, is puzzled by the confusing complexity of the Bulgarian tax code: The confusion between gross and net salary in Bulgaria does not come only because of the terms used. People have long used …