Capitalism and Freedom

In yesterday's edition of WSJ, Johnny Munkhammar and Nima Sanandaji wrote a well-argued dissussion ( link ) on how Eastern Europe's ...

Russia's recessionary contraction has been marked with several distinct features. First, capital account deteriorated significantly. In ...

On January 1, 2009, Slovakia left ERM II and became the 16th country of the eurozone ( here and here ). While fiscal consolidation has been...

Belarus is another Eastern European economy joining the flat tax club. The Ministry of Finance has proposed the shift from progressive tax s...

Forbes reports ( link ) that Hungarian Prime Minister announced the abolition of 4 percent solidarity tax, a unique layer of tax on company ...

Financial Times reports that Russia's outgoing president Mr. Putin has signed an act which defined 42 sectors of the economy in which s...

Earlier, I posted an article about Hungary's low-growth epidemics emerged from a misguided economic policy. Hungary, known for a stagge...

Last year, Montenegro's parliament adopted a 15 percent flat tax on personal income. Tax rate on corporate profits was set at 9 percent ...

In recent years, external indebtedness of Croatia has grown at the fastest pace in Europe. Croatia is, after Lebanon, the country most depen...

Alvin Rabushka of the Hoover Institution briefly outlines the adoption of the flat tax in Georgia as well as the implications of the tax ref...