The Tax Freedom Day has arrived! The last Tuesday was the first day when people have started to earn on their own and not for the State and needs of public finances.
Last but not least, the Free Citizens Party has succeeded! Already in the parliamentary elections in 2013, this party showed that all competitors should respect their transition from a community of libertarians discussing mainly on social networks and in pubs into a professional political party.
The EP election 2014 can be characterized mainly by a very low attendance of voters in the Czech Republic. Only 18.2 % of voters threw their ballots into boxes in deserted polling stations, in comparison with the 28.22% attendance of voters in 2009. This aspect has shaped the results very much.
The analysis deals with various regulatory problems from five main areas – banking, interchange fees, energy, personal data protection and common agricultural policy.
It is absurd to think that regulation of the official market, no matter whether via taxes or production-cost increasing tools, could eliminate the black market.
Entrepreneurs producing alcohol are continuously seen as “les enfants terribles” of European economies, together with manufacturers of tobacco products and business subjects from oil industry.
Extraneous people (politicians, bureaucrats) decide about extraneous money (taxes) which is, as Milton Friedman concluded from his decision-making matrix, the most inefficient situation we can imagine.
The political instability in the Czech Republic has got another dimension. After the decay of leading governmental coalition, early parliamentary election is coming. It is repeating again and again, one could add…
Last week, Canadian Fraser Institute released new rankings of economic freedom in the world which is measured by a tool called “Economic Freedom of the World Index”. The results, calculated and presented since 1996 with participation of Liberalni Institut and nowadays by Centre for Economic and Market Analyses, conclude that the Czech Republic is 52nd freest country in the world. The final score the Czech Republic reached is 7.25 out of the maximum value of…
“Ambiguities and differences in individual countries’ opinions about financial regulation setting are so enormous that the recent situation could be marked as worse than before.”