Freedom, private property, competition, and the rule of law proved to be more successful than an all-controlling bureaucracy. In a way, the division of Germany constituted a large-scale real-world test for the long-term effects of free markets vs. a centrally planned economy.
Sci-fi? Such an idea has no unrealistic basis. This biological nature of members of different cultures related to the ability to prosper is the same. One of the practical examples is the USA, which cannot refer to the race or the religion as a factor of its prosperity.
The year 2000 was challenging not only for the global economy, but also for economists. They were also hit by the crisis: economic forecasts vanished within a day. However, the need to assess the economic situation and likely scenarios of economic development remained.
In recent months, many countries have introduced enormous stimulus packages to help their economies overcome the devastation caused by the COVID-19 crisis. In Germany, the government made available emergency funds, created sector-specific relief programmes, and implemented demand stimulus measures such as a temporary reduction in the sales tax rate.
The Lithuanian Free Market Institute (LFMI) ranks the sixth best think tank in Central and Eastern Europe in 2020 Global Go To Think Tank Index Report released by the University of Pennsylvania. LFMI is also among top 1 percent organizations in the world, ranked in the 126th place.
The story of Georgia should be an example to all developing nations that any country with the will to do so can take charge of its own tax system and, without the aide or interference of international organizations, create the conditions for economic growth and prosperity.
In his first parliamentary speech, PM Mateusz Morawiecki repeated many theses of the government. Some of them are wrong and contradict the experiences of other countries. Others, while right, stand in clear contradiction with the actual actions of the Polish government.
The debate on the potential reform of the Polish pension system has brought to light many fallacies about capital pillar of the system. Let’s clear some of them up.
These local elections are historically the most successful, 9 city and district Mayors from Vilnius to Klaipėda will be liberals, – says The Chairman of Liberal Movement Eligijus Masiulis. Nine elected Mayors will govern Lithuanian cities and districts of municipalities in which, according to Department of Statistics, is located almost 883,500 of the population.