Author: Murray Rothbard (We at EKIP proudly present a translation of part of the essay "Ten Great Economic Myths" by the great American economist Murray Rothbard. In this part of his essay, Rothbard focuses on the three biggest myths regarding government budget deficits and the effects they have on the economy of …
More »Inflation returns in the summer months
Highlights: - Higher inflation in both manufactured and consumer goods for the first time since April - In the industrial sector, this is mainly due to higher inflation in energy products - Retail trade continues to grow at a high and stable pace, which slowed slightly in …
More »Growth is weakening across all sectors, but the longer-term trend is positive
Highlights: - Growth slowed in all sectors in June, but the average level for the first half of the year is significantly higher than that reported in 2016 - Despite the slowdown, the growth rate in all sectors in our country remains above the EU average - The recovery in the construction sector continues at a strong pace, but there are …
More »Monthly Macroeconomic Monitor: Growth reaches pre-crisis levels in all sectors
Highlights: - Industrial production growth reaches highest levels since 2011. - Industrial and retail turnover growth also - Inflation slows down, both in consumer and producer prices - Entrepreneurs are more pessimistic about the next three to six months In May and …
More »Macroeconomic Monitor: Growth in all sectors slows in April
Highlights: - Growth is slowing across all sectors, with retail remaining the highest - Consumer price inflation is slowing, but manufacturing inflation is accelerating - Credit is growing at the fastest pace since 2012 - We expect producer price inflation in industry to rise...
More »Monthly Macroeconomic Monitor: Record industrial growth in recent years
Highlights: - Record levels of growth in industrial production and exports for the last few years - In March, the construction production index grew for the first time since December 2015 - Growth in retail trade sharply accelerated and reached a double-digit level - Producer price inflation weakened, ...
More »Monthly Macroeconomic Monitor: Inflation reaches record levels for recent years
Highlights: - Inflation continues to accelerate, most noticeably in manufactured goods. - In February, retail growth in Bulgaria continues to outpace that in the EU. - Industrial production is growing again, with sales in the extractive industry growing at the highest levels since 2011. - The construction sector is starting to emerge from the prolonged period of …
More »Monthly Macroeconomic Monitor: Consumption growth significantly outpaces the EU average
Highlights: Retail trade data indicate that consumption growth is accelerating, likely driven by higher levels of household lending Industrial production and turnover fell year-on-year in January, but mainly due to a base effect Consumer price inflation continues to accelerate, but lags slightly behind …
More »Introduction to the Austrian School of Economics - Part Two
Chapter I, Part 2* You can read the first part HERE Life is a series of ups and downs In economic theory, there are similar analogous reversals - the constant alternation of a strong economic boom and an almost as long economic downturn. There are different opinions, theoretical and practical explanations for the emergence of business cycles. According to the "mainstream" ...
More »10 things inflation is to blame for
Andreas Marquardt Inflation, defined as the expansion of the fiat money supply, is a primary evil whenever and wherever it occurs. It is the primary and most overlooked cause of many economic and social problems, including: 1. Inflation causes the economy to be cyclical An increase in the money supply, involving more lending, means that new …
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EKIP– Expert Club for Economics and Politics A Different Opinion