Chapter II. You can see the front parts HERE and HERE How did the Austrian School of Economics originate? In order to more fully and comprehensively understand the contribution of the "Austrians" to economic science, we need to briefly familiarize ourselves with the origin and evolution of their ideas, with the important names in history, and with the result of ...
More »As we expected: Tax hikes in municipalities
The newspaper "Sega" reports in its article that from 2017, a number of municipalities with financial difficulties will resort to raising taxes and fees. 36 municipalities are named, including Pernik, where the property acquisition tax is rising from 2% to 2.5%, Kardzhali with a plan to collect an additional 3.3 million ...
More »Trump's economic plan: higher taxes, higher inflation, and a higher minimum wage
Jeffrey Tucker* Just days after Donald Trump won the Republican nomination, the mask (such as it had been up to then) fell off. He quietly began telling reporters that he could be “tricked” into raising taxes, raising the minimum wage, and printing enough money to cover the national debt payments with cheap …
More »How the ECB's monetary policy pushed Italian banks to the brink of bankruptcy
As it became clear last week, the banking sector in Italy is in a serious financial crisis and many of the country's largest banks are facing bankruptcy, which is why they need an urgent injection of capital. In the midst of the dispute between Italian Prime Minister Matteo Renzi and statesmen in Berlin and Brussels ...
More »Venezuela has made it impossible to grow businesses (and illegal to close them)
Rachel Cunliffe Businesses in Venezuela have a problem. In fact, almost everyone in Venezuela has multiple problems. Starvation, for example. Shortages of basic goods. Understaffed, understaffed hospitals and a lack of medicine. A corrupt and increasingly militarized government determined to protect the current president, Nicolas Maduro, at all costs. But businesses, especially factories, are …
More »Introduction to the Austrian School of Economics - Part Two
Chapter I, Part 2* You can read the first part HERE Life is a series of ups and downs In economic theory, there are similar analogous reversals - the constant alternation of a strong economic boom and an almost as long economic downturn. There are different opinions, theoretical and practical explanations for the emergence of business cycles. According to the "mainstream" ...
More »A society without money
The banknotes and coins in circulation are what most people think of money as. In fact, they represent a very small fraction of all the money in the economy, depending on how you define it. Most of your money isn't in the family safe or hidden under the mattress. …
More »Unconditional basic income – an emanation of populism and a misunderstanding of how a market economy functions
The topic of “Unconditional Basic Income” has been increasingly talked about in the last few years. Most commentators with at least a basic understanding of economics and finance have not paid serious attention to the topic, but unfortunately, public interest in the idea is likely to grow. Most recently, the Swiss strongly opposed …
More »Introduction to the Austrian School of Economics
Chapter I, Part 1* Nowadays, many people feel that the explanations of crises and social processes are incomplete, if not completely wrong. The process repeats itself - political formations change, promises are replaced, and disappointments are not long in coming. Change is needed, but not led by the hope for new state "saviors", ...
More »The vignettes change, the problem remains*
Even if there are daily and quarterly stickers, the question is how both the outdated and newly built road infrastructure will be maintained. Despite the resistance shown by the Ministry of Regional Development and Public Works (MRDPW), the introduction of daily and quarterly vignettes from January 1, 2017 was adopted at first reading in the relevant parliamentary committee...
More »
EKIP– Expert Club for Economics and Politics A Different Opinion