economic growth

In 2013, GERB introduced one of the most dangerous and illogical taxes – the “interest tax”. The introduction of this tax was also strange from a purely political point of view, because at least in theory, a right-wing party should do everything possible to reduce the tax burden on households and businesses. In 2014 …

Last week, Reuters reported that the government had selected the managers for a new government debt issue worth a total of 3.9 billion leva. As a right-wing economic thinker who views budget deficits financed by debt as extremely harmful to an economy, I could not pass up this …

Frank Shostak In his article “The Big Meh,” Paul Krugman laments that despite all the advances in information technology, its effect on economic growth has so far been negligible. He writes: “The entire digital era, now more than four decades old, seems like a disappointment. New technologies have led to great discoveries, but …

In the context of the Greek crisis that has been developing over the past few months, one of the key issues is the strict budgetary requirements that the creditors want Athens to comply with. Important for the debate has been the size of Greece's primary budget surplus (i.e. the budget surplus before interest is charged) that would allow it to …

International organizations, such as the UN, the EU, the World Bank, and the IMF, often emphasize how important education is for economic growth. This is a thesis with which I generally agree. Education is important and it is good for people to be educated. The logic of the prominent organizations, as well as the various private individuals who also …

"Economic growth" has become one of the most overused mantras these days and serves as a justification for almost every inefficient government spending, government intervention in market relations, or favoritism for businesses close to power. All parties — except one — comment at length in their programs on the recipes for how …

“I am right-wing, but when it comes to investments, I don’t see a solution on the right. If a factory needs to be built in a place like Macedonia, for example, you can’t just rely on economic freedom and low taxes. Even if taxes were zero in Macedonia, investors would want to invest…

Janet Nielsen Canada was once a laughing stock when it came to economic freedom. A Wall Street Journal article in the mid-1990s called the country an “honorary member of the Third World” because of its out-of-control debt and government spending. But today, the same country leads the G8 in economic indicators, and …

“Corruption is the abuse of entrusted power for private gain.” Transparency International Corruption is a problem. Although it seems quite logical, this statement raises controversy among economists, since it is difficult to determine exactly in what form corruption manifests itself and by what mechanism it affects economic activity. …

And is it necessary to think that we are living better until a point when we will have to pay the price for it?! Looking back at economic history, the problem is not in the answer to the question itself, but in how it will be read and what lesson it will leave, because, as a general …