The most negative impact is definitely going to hit Russian citizens themselves, because prohibiting of food imports dramatically lowers their utility, reduces economic activity, including job creation, and last but not least it cuts disposable income in their wallets.
Let’s guess: what is the most expensive city in the world? Paris? Moscow? Hong Kong? Zurich? Beijing? New York City? Singapore? Tokio? Or perhaps old, good London? Forget about it! You would probably not look for the most expensive city on the planet in Angola, would you?
Some steps of the Czech government, leaded by social democrat Bohuslav Sobotka, are strange. It is like to paint a house with white color, and then repaint it with black to secure it is not too white.
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.