The most controversial Hungarian story in recent memory includes the resignation of Hungary’s President and a former Minister of Justice, a presidential pardon for an accomplice in a pedophilia crime, and, as it turns out, the leader of the Hungarian Reformed Church. It recently came to light that in 2022 Katalin Novák pardoned a man, who was convicted of coercion while aiding a pedophile in covering up his crimes.
It is telling that the public almost unquestioningly believes that the minimum wage helps low-income people in particular. But as the prominent Czech economist Robert Holman writes in his textbook on microeconomics, “If economists agree on anything, it is that legislating a minimum wage increases unemployment.”
Advertisements are generally regarded as a socially undesirable phenomenon. At best, they are seen as a poor source of information about a company’s products in an attempt to raise awareness of their existence and thereby win new customers, but more often as a despicable practice aimed at manipulating consumer preferences.
Why are expectations about the impact of government regulation so often not met? Why do the actual consequences of government interventions diverge countless times from the intentions of the politicians who promote them? Economics has elegant answers to these stimulating questions. One of them will be illustrated and explained in this article.
Following the publication of the Sino-Georgian strategic cooperation statement, discussions on the ups and downs of this document have become a focal point in the Georgian media. This is not surprising since the issue concerns one of the largest and most ambitious states in the world, and its foreign policy moves are constantly at the center of attention.
An EU sustainability regulation, part of the Green Deal, risks making entrepreneurship almost impossible in the European Union. By aiming to “harmonize” at the EU level the criteria for which economic activity “qualifies as environmentally sustainable”, the regulation in question will make doing business in the EU unnecessarily difficult. Complying with environmental legislation in the European Union, besides being controversial, is already very complicated.
Donald Tusk outlined priorities for the Polish government for the next months. In his expose, he paid a lot of attention to entrepreneurs, promising to limit inspections of micro-entrepreneurs, introduce a cash-based personal income tax for entrepreneurs settling this tax with the tax authorities, and a vacation for entrepreneurs, i.e. one month a year free of social security contributions and a benefit of half the minimum wage.
Parliamentary elections in 2023 led to major political changes in Poland. With the elections, the Law and Justice party combined a referendum – but the questions were biased and the party wanted to improve its electoral result in this way. It was parliamentary elections that were to decide Poland’s future – not a referendum.
One of the most important female politicians of the 20th century. Britain’s first female prime minister, who initiated liberal economic changes and led the country through turbulent times of transition. The fascinating story of Margaret Thatcher’s life in a 3-volume authorized biography is now available in Polish version, published with the support of the Economic Freedom Foundation.
The gluttony of the holidays marks not only the end of your capacity to feast more but also the end of the year. Your stocks I am sure are full of presents, and you want to catch up with your reading list. Lest you are too efficient and devour all your books here are a couple of recommendations for the next year.
