English
FOR: In Poland, the retirement age is being raised too slowly
Krzysztof NędzyńskiAs far as the changes in pension system are concerned, we may learn the most from the Czechs and Slovaks. Surely, we should make every effort in order to prevent the government from nationalizing funds gathered in the second...
Pessimists predict a crisis of the economy, optimists see chances
Maria Drozdowicz“The era of optimism dies in the crisis, but in dying it gives birth to an era of pessimism. This new era is born, not an infant, but a giant”. Both optimism and pessimism underpin the fluctuations of business cycles....
There are no true hawks any more
Witold GadomskiWhen Wayne D. Angell, who passed for the one of the Fed’s most vigorous inflation fighters, left the Fed in 1994, one of the American newspapers commented on his resignation – Angell leaves, the demon of inflation...
The Earth was created 5770 years ago at 6.00 PM
Krzysztof NędzyńskiThe precision of this statement puts a smile on our face. It exemplifies how incredible are exact conclusions from opaquely understood premises. Reuven Brenner of McGill University shows when, why and how economists are...
To Own Or Be Owned — That Is The Question
At the very center of the never-ending debate between those who support capitalism and those who support socialism is this: property. Should it be „owned” and if so, by whom? The fact is, „ownership” as...