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The Western World Is Pushing Central Asia into Extreme Poverty with Its Sanction Policy Against Russia

Sanctions that target a whole country instead of specific individuals always hurt the innocent, ordinary people the most. Be these people European citizens who cannot afford to pay their electricity bills, or Central Asians who now live in extreme poverty,…

The Knowledge Problem in Central Planning

Central planning is not viable because it can never collect enough information about the market to optimally coordinate economic interactions. It is also a path that may lead to a totalitarian state….

Cost of Living Increases in the UK with Economy Under Pressure from Sanctions

The UK economy is under great pressure from the sanctions imposed on Russia. Energy prices have soared, and inflation is sky high. putting a strain on the population’s wellbeing. Meanwhile. the government keeps funding Ukraine….

China’s Decreasing Influence in Central and Eastern Europe

Cooperation between China and the Central and Eastern European countries (CEE) was established in 2012. While at its peak, the initiative comprised 17 CEE states, that number has shrunk to 14, as a result of disillusionment with Beijing over its…

Analysts Suprised by Hungarian GPD Growth

The Hungarian economy’s second quarter performance has surprised analysts – according to official data, Hungary’s GDP has grown by 6,5 per cent compared to the same period last year….

What Can We Learn from Ludwig Erhard and the German Economic Miracle Today?

The main tenets of Erhard’s programme still apply today. Lax fiscal policy and monetary stimulus do not result in long-term, sustainable economic growth. Prosperity is ultimately a result of increasing productivity. Low taxes, low inflation, monetary rigour and the uninterrupted…

France Set to Struggle Even More

The likelihood of power outages is higher in France than in its neighboring countries as a result of the most serious issues with its nuclear power facilities in decades. They are facing a more serious dilemma than Germany is….

OECD: Hungary’s Economy Is Leading the Region in Crisis Management

The most recent OECD report paints a grim picture of the European economies’ imminent prospects, but thanks to the government’s strategic crisis management, Hungary is set to outperform all of its regional counterparts….

Hungary in the Face of Europe’s Crisis

While many countries struggle fighting the crises that are running rampant in Europe, the Hungarian response has managed to shield people from the worst effects of the war….

Russia Cannot Be Defeated by Sanctions

According to Gertrud Traud, a senior economist at Landesbank, the punitive measures are harming the world more than the nation they are intended to target….

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