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Author: Stefan Stoyanov It is widely believed that Bulgaria has the lowest taxes in the European Union. This perception is formed by comparing the rates, especially of Corporate Tax and Income Tax, with the corresponding rates in countries such as Germany or Denmark. But neither of these countries are representative of the entire European Union, …

The big economic problem the world faces is linguistic semantics. The word “regulation” is now understood to mean “government regulation.” We are unaware of the alternative: consumer regulation. This is a problem because we accept so much government intervention, when in fact we would be better off without it. We demand some kind of regulation with …

We are in the process of yet another assault, organized by the native authorities, towards one of the half-wanted, half-unwanted so-called national goals. As with the Schengen zone, so with the common currency of the European Union, the government is wandering between a reasonable wait for the problems to be eventually resolved, aka Simeon Dyankov with the Euro, and enthusiastic demarches to …

The key ideas of libertarianism have been developing for many centuries. The first hints of them can be found in ancient China, Greece, and Israel; they began to develop into something resembling modern libertarian philosophy in the work of thinkers such as John Locke, David Hume, Adam Smith, Thomas Jefferson...

Richard N. Lorenz, FEE When I tell someone that I work at the Foundation for Economic Education, I often get the question back: “What are the economic ideas that people need to understand?” At FEE, we’ve been thinking about this question a lot in our articles, coursework, seminars, and videos. We’re generally …

Author: David Friedman, translation of an excerpt from "The Machinery of Freedom" The concept of property is of fundamental importance to our society and probably to any functional society. On an operational level, it is understandable to any child over the age of three. On an intellectual level, however, almost no one …

"Skin in the Game," the new book by famed financier-turned-philosopher Nassim Taleb, is the most important book published in recent years (probably since his last book, "Antifragility," which was published in 2012). Taleb is one of the few thinkers throughout human history whose writings...

Stock markets have been a hot topic in the media space for the past few weeks. The Dow Jones Industrial Average posted its biggest one-day drop since 2008 at the start of the month, falling 5.2% to 24,190.90 points. The S&P 500 also ended the first week of February down 5.2%, while the Nasdaq closed the week down 5.1% …

Murray Rothbard, "For a New Liberty: The Libertarian Manifesto" You can read Part I of this essay here. Noise is also a type of air pollution. Noise creates sound waves that travel through space and irradiate the property and bodies of others. It is only in recent years that medical professionals have begun to investigate the harmful effects of …

Murray Rothbard, "For a New Liberty: The Libertarian Manifesto" Even if we assume that natural resources are entirely private and that the free market would preserve them much better than government regulation, what can we say about the problem of environmental pollution? Wouldn't we suffer from increased pollution caused by...