demographics

The European Union finds itself in a paradoxical situation. The population is ageing, the economy is stagnating, and at the same time, vast sums of citizens\' savings are lying idle in bank deposits. According to the European Commission, 31% of Europeans\' savings are unused in bank accounts. In contrast, Americans put their money to work much more efficiently, keeping three times less cash under the mattress.

The government’s migration strategy is disappointing. The long-awaited comprehensive document turns out to be a brief collection of short statements lacking deeper analysis. However, one can hope that this document is merely a starting point for a broader debate on a genuine migration strategy, which will soon be presented. This communication outlines three potential opportunities and three key risks that may arise from the proposed approach.

The wonderful thing about economics is that it recognizes truths about the world that laypeople cannot intuitively grasp, based on simple statements about human action. Consider two concepts: opportunity costs and marginal decision-making based on marginal benefits and costs. If you really understand these two concepts, then it must seem normal to you that there is such a thing as optimal environmental pollution.