Free Market Foundation

On June 9, Hungary held the elections for the European Parliament along with its local elections to choose mayors and councilors. The elections saw a record turnout of 58.1 %, but the most interesting election, the Budapest mayoral election with a turnout of 60.51%, resulted in a very high number of spoiled ballots, at 2.98%.

Israel\'s human rights record is not untarnished, a fact which is amplified in the recent war in Gaza. It is right that Israel should be held accountable for its actions. However, this certainly does not mean that Israel does not have the right to defend itself against Hamas and other Iranian proxies, even if war measures are necessary. Nor should it relativize the horrors committed by the oppressive terrorists who attacked the civilians of a democratic country.

Hungary has been fined an unprecedentedly large amount for the severe violation of EU law over the rights of asylum seekers. However, this is not about Hungary\'s stance against the oppressive EU as the Hungarian governing party Fidesz wants to depict but about the party coming at odds with its ever-swaying populist positions. Yet the Hungarian voters, rather than EU activists, should punish the Hungarian government.

A recent scandal in Hungary led to the resignation of the President. The fiasco revealed what was already known by many: that the President, whose role is mostly ceremonial, is a figurehead used by the government to ratify bills.

The benefits of cash over card payments are that the government has less control over your finances. There is no chance of data mining.

Liberals in Europe should learn from Trump and Beeblebrox how to run campaigns, to be more out of the box, to dare to disrupt, and promise a change in “the system.”

The number thirteen is commonly recognized as an unlucky number. But for Hungarian businesspeople, the preceding number is worse, as the 12th is the deadline for paying taxes.

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.

Classical liberals might not agree that the EU, the UK, and the US are capitalist places, given the mounting number of anti-business regulations and measures. On the other hand, critics of free markets need only look at the latest polls on what people want most for Christmas to frightfully barricade themselves against the hordes of money-thirsty capitalists behind the complete works of Marx and Co.

Europe has been built on the liberal values of democracy, rule of law, liberty, tolerance, and free markets. Yet it seems Europeans are forgetting what these values mean. \"Know thyself\" is a famous ancient Greek maxim, which Europeans do not seem to take to heart. A series of aggressive actions from Russia over the past decade were not enough for the EU to properly distance itself from Russian energy, until it invaded Ukraine.