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Economy
Correct Premises, Wrong Conclusions
The Economic Council to the Prime Minister of Poland has published its comments about the changes in the Open Pension Fund (OFE). Because the professors have subscribed to them, we cannot say that they are another act of audacity, but quite a reasonable analysis. The only problematic thing is the fact that from correctly diagnosed premises, the professors draw quite puzzling conclusions, which are difficult to agree with.
Economy
Will Poland Seize Private Pension Funds?
The changes proposed by the government have met with a fierce resistance from economists and other experts, because the campaign against the funds is clearly demagogic, and the nationalization threat conflicts with Poland’s successful transformation from communism, which has been based on privatization since 1989.
Economy
Orwellian Budget
Government budget for 2014? Welcome to 1984! That’s how a discussion about the 2014 government budget proposal could be summarised.