Economy

This text is a translation of the article “The problem of corruption” published on Mises.org more than 16 years ago. This translation is provoked by the unwillingness to accept the thesis that the quality of the state is solely a consequence of what the people in the country in question are like. This would, for me, …

The Sofia neighborhood of Mladost has become a center of what American political scientists call grassroots activism. Starting with the election of the controversial and currently indicted Desislava Ivancheva as district mayor in October 2016 – through the support of local committees and gravitating activists of small urban parties in opposition to …

A protest by a number of pensioner organizations, supported by President Rumen Radev, was held in front of the Council of Ministers today, with demands that generally converge towards one common one - an increase in pensions. In more detail, the main demands of the protesters are 5 - higher indexation of pensions, removal of the pension ceiling, the creation of a law ...

His comments about the vulnerability of the US Treasury to service its debts due to the Fed sent the yield on 10-year US government bonds to a seven-year high. On Wednesday, US indices had their worst session since February. Then, in one day, the index of blue chips, or the largest US corporations, the Dow Jones erased …

The month was marked by the extremely high activity of our health economist Arkadi Sharkov in the media. Currently, a deep public debate is underway in our country regarding the problems in the healthcare system and the necessary reforms that can solve them. Sharkov and others took an active part in this debate in all possible ways …

They save the capital invested in emotionally charged, unfunded projects like yours by liquidating it in time before it depreciates. The tech messiah has struck again. Last Friday, Tesla CEO Elon Musk decided to play smart and pour fire and brimstone on Twitter at the financial markets regulator in …

(This article is a summary of the ECT proposal to abolish corporate tax on retained earnings in Bulgaria and the analysis of the potential effects of such a reform. The full text of the report on the topic can be read here.) In recent years, the debate on corporate tax, its optimal level and the resulting …

Over the past week or two, the main topic that has been worrying the Bulgarian public is the expected increase in bread prices during the winter season, due to the poor harvest this year and the increase in gas prices. Although this increase is due to completely objective economic realities that cannot be changed at the moment, and …

Industrialization is one of the visible dimensions of the economic and social modernization experienced by developed capitalist societies in the 19th century. The process of the emergence of industrial structures is a complex result of relative spiritual, economic and scientific freedom, security of private property and appropriate institutional structure. Communists put industrialization among their main economic …

The investment community and financial media pay close attention to interest rates—the price a borrower pays to borrow money—and for good reason. When the U.S. Federal Open Market Committee (FOMC for short), or any other central bank committee, sets a target for …