Articles

On March 13, 2018, the Lithuanian Free Market Institute will hold Lithuania’s first online National Economics Exam for pupils, university students, and everyone who would like to measure their knowledge of economics.

As many as 81% of Lithuanians find their knowledge of economics insufficient. Making economic decisions at every step of the way, Lithuanians compare their understanding of economics to that of physics or political sciences, but find themselves less confident in economics than in computer literacy or mathematics.

Fear that people will not buy new flats because they will have higher interest rates. If the people do not invest more, the prices of these assets will stagnate or fall. Whoever buys in times of a loose monetary policy, wins. When screws begin to tighten, the winner is the one who sells first.

At the end of the day, efforts to protect domestic businesses are always paid by the consumers. Nothing is free, the same is true also for protectionism. It leads to higher prices and worse quality of services that protected businesses offer.

In 2014, the Strategic Advisory Group under the support of the Soros’s Foundation prepared the Strategy of Healthcare Reform for 2015-2020. After long debates, the laws launching the healthcare reform were approved in 2017 with first changes starting in 2018.

CEA has published its Croatia 2025 Vision which contains concrete market reform ideas for minimum 30% increase of competitiveness and economic freedom. All ideas are based on relevant world methodologies with concrete policy direction adjusted to practical challenges.

Those who want to stop populists need to learn how to plan strategically, set aside fantasies, and see the cold reality. They need to be proactive rather than reactive, preventively tackling the propaganda of the populists. Only when the strategic goals are achieved, should they feel good about themselves.

With the election of Donald Trump for president of the United States, Hungarian Prime Minister Viktor Orbán for a moment thought he found a kindred spirit. What went wrong and what needs to be done to improve the U.S.-Hungarian relations?

One of the perks of attending an elite school, be it Eton, Oxford, Cambridge or the Hogwarts School of Witchcraft and Wizardry is not only the high quality education, but the network of friends one can build. Indeed, in Hogwarts, Harry Potter found friends, which was much more important than the spells he learned.

Now, the ruling party wants to get rid of the private enterprises from the emergency medical services. The regulations provided by the draft bill, currently proceeded by the Parliament, constitute a model example of a regulatory expropriation.