Third Bulgarian Kingdom

At first glance, monetary relations are not the most suitable environment in which honesty and trust thrive. Again, at first glance, when it comes to money, the selfishness and greed inherent in everyone are exposed. However, the intuition at first glance is not accurate. In order for money and the institutions related to it to exist, a certain …

The debate for or against adopting the euro concerns the fate of the leva as the Bulgarian national currency. From this point of view, it seems logical to support the opinions expressed with arguments from the monetary past. The monetary history of Bulgaria is a matter that does not lend itself easily to a short and meaningful presentation. It …

In the famous essay "What is seen and what is not seen" by the French economist Frederic Bastiat, there is a brilliant insight. It is that every action in the socio-economic sphere has visible but also invisible consequences. The invisible are events or processes that did not happen because of the undertaking of one or …

The belief that various economic and social problems are solved by adopting or improving special laws, regulations, and ordinances is a persistent myth. Its existence is most easily established in the conditions of an election campaign. Then all competitors offer legislative programs that should improve the lives of voters. The myth is systematically nurtured …