Yesterday (Wednesday, April 1) the government announced its desire to extend the state of emergency by another month until May 13. Alas, this was not an April Fool's joke. And judging by the statements made by government representatives, this means maintaining all currently in force quarantine and combat measures ...
More »Central banks are the real cause of income inequality
Author: Frank Hollenbeck, Mises.org The gap between the rich and the poor continues to widen. In 1975, the top 1% of the U.S. population owned 8% of the economic wealth. Today, they own more than 20%. This is a striking change from the 1950s and 1960s, when the top 1% owned just over 10%. A study by Emmanuel Saez found that …
More »TEAM in the media about the economy, incomes and necessary reforms in 2019
Despite the festive mood in December, EKIP experts again actively participated in the public debate on topics such as healthcare, the 2019 budget, and freedom of speech. The month began with the participation of EKIP Editor-in-Chief Georgi Vuldjev in the show “Q&A with Klara Marinova”, where he commented on the economic factors behind the November protests, political stability, …
More »Stoyan Panchev: CITUB data on incomes show a positive trend
Food prices in Bulgaria are approaching the average European level, Violeta Ivanova from the Confederation of Bulgarian Trade Unions (CITUB) commented in the studio of “Hello, Bulgaria”. “Our food products reach 71% of the average European price levels, and some of them, such as vegetable oils, exceed the average European levels by about 9%. The prices of milk and dairy products …
More »8 truths about taxes in Bulgaria
As is well known, as long as there is someone reading: 1. Taxes are on average 50% of the income of an individual or household, everyone can check the individual picture at kolkodavam.bg; 2. There is money for airplanes and everything else, but there are also irrational budget expenditures of 0.5-1% of GDP...
More »Nineteen overlooked effects of income redistribution. Part Two
7. As a result of the previous two consequences, society as a whole becomes more divided and hostile. It begins to resemble a true community less and less. Instead, society divides into aggressively minded groups, with some groups viewing others as oppressors. People lose their sense of belonging to a community, …
More »
EKIP– Expert Club for Economics and Politics A Different Opinion