In non-emergency times, the role of economic freedom, defined as a lack of interference or coercion by others in an individual’s economic decisions, has been scientifically proven to yield economic growth and prosperity for the greatest number of people.
Berlin’s recently introduced rent control policy is Germany’s single most stringent rent regulation tool. The law prohibits any rental increases for a period of five years. In the case of new rentals, the rent a landlord is allowed to charge is determined by fixed reference values based on the age and fittings of the unit in question.
The conservative Law and Justice (PiS) government has conducted a calculated attack on the rule of law in Poland since it came into power in 2015, securing an overall majority in the Sejm, the lower house of the Parliament.
Some people claim that the main reason why gold became money was that women liked it. Others claim that it is the faith that makes us use a certain good as money. By that logic, even water could become money just by virtue of us having faith in it.
In August, the Bulgarian government adopted a detailed action plan for joining ERM II and the Banking Union and there were some changes1 to the Bulgarian National Bank Act that also seem to lead in this general direction.
With a sample of 4,000 Slovak students, the Economics Olympiad revealed the most serious weaknesses in economic education of young people. Memorizing is believed to be a long-term problem, but knowledge useful only as a part of quiz shows remains a crucial element of the Slovak education system.
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.
Estonia could become the first country in the world with virtual currency, the Estcoin. The problem is that the country’s official currency is Euro and membership in the Eurozone does not allow having any other parallel cryptocurrency.
In the Czech Republic, we have gone through four decades of central planning of prices of practically everything. And the result? Either the price has been set too high and surpluses have been accumulated, or too low, and the television in the evening informed the audience about shortages of underwear and toilet paper.