free market

It is not private hospitals that need the reins of the Public Procurement Act, but state hospitals that need the freedom of the market. "The more the state 'plans', the more difficult it becomes for the individual to plan." Friedrich Hayek The Court of Justice of the European Union (CJEU) has now finally decided the question of the scope of the Public Procurement Directive and the definition of "public law ...

Photo: BGNES A statement by Acting Minister of Economy Kiril Petkov at the Sofia Arsenal Gallery stirred up the spirits in the cultural sphere a few days ago. It was presented as shocking news in a headline by clickbait media that almost from tomorrow all money for culture will be stopped and which orchestra or museum will not …

The national plan under the EU Recovery and Resilience Facility is a major topic of discussion in both the new Bulgarian parliament and the excited post-election public sphere. The facility is just one part of the €750 billion Next Generation EU package (nearly half in the form of loans) born out of the pandemic, …

The following material is a translation of an article published on August 1, 1981 with the original title "What Causes Wealth?" by Roger Ream. The subtitles and formatting are by the translator. The original article can be found on the FEE website. The current translation is published under the Creative Commons Attribution 4.0 license …

Mass industrialization under central planning In his memoirs published after the fall of the Bulgarian Communist Party regime, Todor Zhivkov wrote that his government returned the gold reserve back to Bulgaria. This is perhaps one of the most notorious lies of the communist dictator. Contrary to Zhivkov's claims, in the 1960s …

The gender pay gap is a topic that has shaken Western societies for at least a decade. Fortunately, in our country, despite attempts to create a local activist hubbub, the topic is still being viewed with a sober mind. There are good reasons for this, but it is still useful to look behind the numbers …

A favorite weekend activity for the Sofia burgher is visiting one of the dozen cinemas in the city. As a (semi)member of this electorally self-marginalized group, I also indulge in the pleasure of lying covered in popcorn, staring at a giant screen. The last Hollywood work I consumed in this way is called “The Queen of …

This text is a translation of the article “The problem of corruption” published on Mises.org more than 16 years ago. This translation is provoked by the unwillingness to accept the thesis that the quality of the state is solely a consequence of what the people in the country in question are like. This would, for me, …

The emergence and spread of socialism, national socialism and fascism is not simply the result of an unfavorable combination of circumstances. These ideologies and their mutations in the conditions of various crises have the dangerous charm of convincing part of the masses of their rightness. In addition to being inhumane, they are also anti-market. When after September 1944 the Bulgarian …

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 …