Macroeconomic Monitor
Home / Tags: war

war

Гренландия и илюзията за европейска отбрана

Между политическото желание за защита и правната възможност за такава зее пропаст – и именно в тази пропаст днес се намира Гренландия. Задължение ли са държавите членки на ЕС да изпратят войски и друга помощ, ако Гренландия бъде нападната и окупирана от САЩ, Русия или Китай? Малко известно е, че …

More »

Guns vs. Oil: Balancing Defense and Healthcare Spending Since 1945

In the area of public finances, the classic "guns versus oil" dilemma - choosing between military might and social welfare - has long been at the heart of budget debates. Over the past 80 years, governments around the world have allocated trillions to both defense and health, but not always to the same extent. In …

More »

War, neutrality and hypocrisy

Since the beginning of the war in Ukraine, the word “neutrality” has been used a lot in Bulgaria in relation to Russia’s actions and the subsequent sanctions. When we talk about international conflicts, the factors for decision-making suddenly multiply in geometric progression. Being closely tied to trade relations, the global economy turns out to be a pole …

More »

"Book rags without any value"

In 1928, with these words, the Bulgarian economist G. Toshev characterized paper money in conditions of inflation. His definition was the result of the experience gained during the First World War (1914-1919) and after it. This was the first clearly outlined inflationary wave in the history of post-liberation Bulgaria. The monetary system of …

More »

"Wet, hungry, tired"

The title is a quote from the popular Bulgarian march "Great is our soldier", which was written in 1916. The author of the text is Second Lieutenant Konstantin Georgiev Popov from the 23rd Infantry Shipka Regiment. The year of writing is important. At that time, the country was involved in the third war in the second decade of the 20th century. Bulgarian participation ...

More »

Keynes, war and economic recovery

Many of the policies that our and foreign leaders are proposing in the context of the Covid-19 pandemic can be described as Keynesian, named after the English economist John Maynard Keynes (1883-1946). He was born in Cambridge, UK, his basic education was in mathematics, he listened to lectures on economics from brilliant scholars such as …

More »

Diseases, wars and speculation - the historical experience of Bulgaria

In recent days, Bulgarian politicians have, with surprising consensus, declared open war on the invisible enemy Covid-19. Measures have been and are being taken that are akin to martial law. Forgotten practices such as curfews, total control over behavior, control over freedom of speech, restrictions disproportionate to the danger, and attacks on private …

More »

The History of the Christmas Truce of World War I

The Christmas Truce

Author: William Griggs, the article is translated from the author's blog In August 1914, in an episode of unprecedented intemperance, the Great Powers of Europe plunged into all-out war with each other. Germany, a rising military power with great ambitions, overran Belgium in search of a quick checkmate of France before Russia could …

More »

Other victims and victims of World War II

The number of Bulgarian victims and victims of World War II (1939-1945) was relatively small. After its beginning, the authorities sincerely tried to maintain neutrality, but on March 1, 1941, they joined as allies of Hitler's Germany, and at the end of the same year they declared a "symbolic war" on the USA and ...

More »