Editor's Choice

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 ...

Parks are an invention and a luxury of modern society. This is true of many things that we take for granted, but they are a direct result of the general affluence in some parts of the world, a consequence of the division of labor, of scientific progress, and in general – the opportunity to live without working every day, all day, …

Did you know that the 2019 Budget of our country includes a higher deficit than that of Portugal, which was in a fiscal crisis a few years ago? The 2019 Budget was officially published on the website of the Ministry of Finance this Monday, and unfortunately, once again the government focuses on higher spending without structural reforms, …

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 ...

Prohibitions have been part of the history of mankind since biblical times. Their emergence and public acceptance or rejection are the result of a long evolutionary process. In fact, the past abounds with examples in which attempts by state or other authorities to impose certain restrictions ended in failure. The most popular is probably the attempt to introduce …

(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 …

For a long time, including in Bulgaria, there has been a lot of talk about the effect of social networks on our society. This modern Gutenberg revolution is fundamentally changing every aspect of our existence, opening up new horizons and creating new problems. Cases such as the sudden and coordinated deletion of Infowars (a media outlet with millions of users) from almost …

The state is about to take another inadequate step towards the integration of people with disabilities in Bulgaria. Changes in labor legislation are being discussed, according to which companies will be obliged to hire a certain number of employees with disabilities. Quotas are envisaged, depending on the number of employees in specific companies: employers with 20 to 49 …

The European migrant crisis that began in 2015 has opened an expected front for a new cultural and political war within the Old Continent. The destructive military interventions of the US and its allies in Afghanistan, Iraq, Libya and Syria, the “invitation to refugees” issued by German Chancellor Angela Merkel, and the internal tensions in the richer members of the Union coming …

Today (18.07) is a significant date in the Bulgarian calendar. On this day, in 1837, the greatest Bulgarian hero and revolutionary was born – Vasil Ivanov Kunchev, better known by the famous nickname Vasil "Levski". Also known as the Apostle of Freedom, Levski is the most important Bulgarian revolutionary. His merits as an organizer of the revolutionary movement …