economy

A few weeks ago, the Fed expressed no intention to increase interest rates, but the will to maintain the current ones of 0 to 0.25%. The problem is that cheap money does not only indicate the prevailing economic problems, but imply long-term negative impact on both savers and economy.

Arrival of Uber, which provides a cheaper alternative compared to traditional taxi services, has stirred up a debate in Slovakia. The participants are two camps divided by two completely different points of view regarding the question what Uber represents.

The first task an economist has to master is to explain to people that there is such a thing as an economic problem. That is because people are more concerned with everyday emotionalism creeping into their lives by means of having to deal with another type of a problem that we could call an ‘engineering’ one.

The story of Singapore does not match the usual idea of combining democracy and the market economy. While in the developed countries of the West, democracy has been threatening the functioning of the market economy, Singapore and its authoritarian regime has maintained the status of the easiest country to do business in.

The process of unmasking social and national etatists is an extremely vital part of our mission to improve our political system. And it has to be a ceaseless offensive. One has to fight!

Human reason is probably the only resource worth caring for – it should not fall into the hands of bureaucracy and robbers. The first scenario would make it ineffective due to unreasonable rules and restrictions, while the latter would not allow the deserving to reap the fruits of their labour.

The equality should be analyzed within the scope of access to the things which are important for every human being. Ensuring the access to all this what determines the quality of life, does not have to be seen as the amount of income and discrepancies in income.

“An experiment of austerity” and “blackmailing” are just a few of the many fanciful epithets employed by the members of SYRIZA and socialists to create a “syrizophrenic” picture of what is going on. However, the true reasons of and solutions for the crisis have already been known for a long time.

On July 30, the British magazine \"The New Statesman\" published an article by the famous philosopher John Gray on the life, intellectual achievements, and mistakes of Friedrich Hayek. Gray’s piece examines the Austrian’s economic and political views. It is almost as if Gray puts Hayek on trial, the verdict of which has already been decided upon.

We have the pleasure the present you the third of the series of our policy papers that we will be publishing in the near future. The publication discusses the issue of Internal Market and the EU-Russia Sanctions and examines experience of Visegrad Countries one year on. Enjoy your reading!