PROJECT BOSSA WORLD

The only comprehensive project dedicated to eradicating poverty on the planet



NEW ECONOMY

THE GOAL: PROSPERITY FOR EVERYONE ON THE PLANET




TWEET

A washing machine that breaks down after two years, cars whose paint is falling off, repair shops full of relatively new TV sets. Things crammed with pointless electronics, features that the customer won't use anyway and only serve to make the thing break as soon as possible. #economy

@JozefStasik

10.03.2023

TRADITIONAL ECONOMIC RECIPES DON'T WORK

GDP growth only serves to fool the citizens ... more

Author: Jozef Stasík
04.12.2022

GOOD AND BAD GDP. DOES MURDER FOR HIRE BELONG IN THE GDP?

Absurd, but some criminal activity is counted in GDP. For example, extortion through private security services. Marijuana is criminalized in many countries, but somewhere it is a significant factor in GDP growth ... more

Author: Jozef Stasík
10.09.2022

QUALITY OF LIFE

BRAZIL - BANGLADESH 14:5 ... more

Author: Jozef Stasík
06.09.2022

QUALITY OF LIFE

PAKISTAN - NIGERIA 14:5 ... more

Author: Jozef Stasík
05.09.2022

QUALITY OF LIFE

USA - INDONESIA 16:3 ... more

Author: Jozef Stasík
02.09.2022

THE NEW ECONOMY - HOW TO GET STARTED?

Give money away. Introduce an Universal basic income. It must eliminate the losses of citizens whom the free market has relegated to the losers ... more

Author: Jozef Stasík
30.07.2022

INFLATION AS A RESULT OF AN INCREASE IN THE MONEY SUPPLY? I DISAGREE

Imagine an extremely thrifty nation where every inhabitant starts receiving an extra EUR 5 000 a month. ... more

Author: Jozef Stasík
23.07.2022

7 MAJOR FALLACIES OF ECONOMIC THEORY

An economic model based on market economics cannot work. For a simple reason ... more

Author: Jozef Stasík
02.06.2022

UNCONDITIONAL INCOME - THE ONLY WAY TO INTRODUCE IT

There is only one way. Yes, digital currency. A special digital currency for the 99% ... more

Author: Jozef Stasík
18.04.2022

HOUSING CRISIS SOLUTION

Apparently this is the only possible solution. Resource scarcity is solved by regulation. Housing is a scarce resource in the long term, so proportionate measures need to be applied ... more

Author: Jozef Stasík
06.02.2022

ALTERNATIVE SOLUTION

FutureEU brings many ideas on how to change or improve the political space. Most ideas go unnoticed, that's how politics works ... more

Author: Jozef Stasík
30.01.2022

THE EU NEEDS AN ECONOMIC VISION

The current economic model has reached its limits. Everyone sees huge debts, inflation, poor quality products, poverty, homelessness, depopulation of regions... Politicians and economists have believed into the ridiculous utopia of free markets and cheap credit ... more

Author: Jozef Stasík
14.01.2022

6 CALLS FOR 2022

EU stagnation must end. Action must start immediately. 1. Prosperous EU - Prosperity for every district. Most of the money must stay in the region. Digital currency for the 99% will ensure this. The project is ready ... more

Author: Jozef Stasík
07.01.2022

28 QUESTIONS FOR ECONOMISTS

The 28 questions are intended to motivate the most respected economists to offer their views and solutions. It is also an appeal to their responsibility to society. Society has never needed economists more than today. I would be grateful for any response that might help in today's situation ... more

Author: Jozef Stasík
11.10.2021

THE WHOLE EU CAN SWITCH TO CLEAN ENERGY WITHIN A YEAR. HALF OF THE ECB'S QUANTITATIVE EASING IS ENOUGH

The EU consumes 3,000 TWh of electricity a year. It takes the equivalent of 400,000,000 photovoltaic panels of 2 kW to produce it in a 10 hour day. The cost of a panel is EUR 3 500. The total cost is therefore EUR 1.4 trillion ... more

Author: Jozef Stasík
11.09.2021

THE CHINESE RECIPE FOR INFLATION

When one of the very important commodities that can cause inflation in other parts of the economy - such as rice or coal - becomes more expensive in China, large state-owned firms are told to ensure that there is enough of the commodity to keep the price from rising more ... more

Author: Jozef Stasík
15.08.2021

THERE IS STILL A TIME OF AVOIDING THE CENTRAL AMERICAN SCENARIO - CRIME, DRUGS, GUNS, BARS AND POVERTY

The first wave of cost-cutting meant the departure of manufacturing in search of cheap labour and investment incentives ... more

Author: Jozef Stasík
30.07.2021

THE EU COULD START THINKING ABOUT DEVELOPING AND USING TECHNOLOGY TO PRODUCE SOME GOODS DIRECTLY

We think in familiar patterns. We see economic development as the sum of business activities. However, the goal of companies is profit and customer satisfaction is a waste product. For example, meaningless privatisation brings huge problems ... more

Author: Jozef Stasík
26.07.2021

BANKS HAVE TURNED INTO WAREHOUSES

Banks have stopped paying interest to savers. On the contrary, they introduced charges for storing money. They changed into warehouses. They lost the right to handle the money of the savers. So there must be a change in the law ... more

Author: Jozef Stasík
12.07.2021

GDP - THE MOST IMPORTANT INDICATOR IN THE WORLD?

The pursuit of GDP growth can harm citizens. Citizens prefer lower prices, GDP grows with inflation. Consumers want products with a long life, GDP grows by production. Citizens need to save, GDP grows by shopping ... more

Author: Jozef Stasík
30.06.2021

FIND A SOLUTION FOR ONE DISTRICT. YOU HAVE FOUND A SOLUTION FOR THE WHOLE WORLD

The current economic model is outdated. Do you disagree? 195 governments have failed to find a solution ... more

Author: Jozef Stasík
17.06.2021

ROBOT DEVELOPMENT COMPETITIONS

NASA has used competitions to develop launch vehicles, and the result has been the rapid sector development ... more

Author: Jozef Stasík
09.06.2021

EU ON MOBILE PHONE

The Digital Economy and Society Index (DESI) is a composite index that summarises relevant indicators on Europe’s digital performance and tracks the evolution of EU Member States in digital competitiveness ... more

Author: Jozef Stasík
06.06.2021

LET'S KICK-START THE ECONOMY OF THOUSANDS OF TOWNS AND CITIES. LET'S MOVE EU FUNDS EQUALLY TO EVERY CITY AND TOWN IN THE EUROZONE

Since 2015, the European Central Bank has provided €3.2 trillion to banks ... more

Author: Jozef Stasík
05.06.2021

AN ECONOMIC EXPERIMENT. JUST 2 DISTRICTS - SHOW THE WAY TO ALL REGIONS

Is the EU economy in excellent condition? Is the main problem the taxation of giants? Do you agree? Read no further. You have misunderstood Brexit ... more

Author: Jozef Stasík
16.05.2021

THE COUNTRY OF THE MANUFACTURER SHOULD ALWAYS BE ADDED TO THE NAME OF THE GOODS

Namely, the country where the production is finalised or the country where a substantial part of the product is produced ... more

Author: Jozef Stasík
04.05.2021

PROGRESSIVE COPYRIGHT TAXATION

Covid pointed to a long-standing copyright problem. Copyright does not allow for the mass production of vaccines, and hundreds of thousands of people are dying around the world as a result. Finally, this is not a new problem. Moreover, copyright protection is a non-market element ... more

Author: Jozef Stasík
26.04.2021

KEEPING FINANCE IN THE REGIONS - A KEY TO PROSPERITY

Globalisation has solved one side of the equation - we have cheap goods from all over the world. But how do we ensure that citizens have the income to buy the goods ... more

Author: Jozef Stasík
24.04.2021

ECONOMY ON MARS - INSPIRATION FOR THE EU

2% of the third millennium has passed. The model of the economy has depleted its possibilities. Do you disagree? Try to explain Brexit. No one escapes prosperity. The EU must present an ambitious plan for prosperity for all ... more

Author: Jozef Stasík
23.04.2021

HOW TO DEFEAT AMAZON?

Which company has a chance to beat Amazon? Only a company that provides customers with money ... more

Author: Jozef Stasík

INITIATIVE - 13 THINGS TO IMPROVE THE WORLD

1 Digital currency for 99% ... more

Author: Jozef Stasík

 

PROJECT BOSSA - The only comprehensive project dedicated to eradicating poverty on the planet

UNCONDITIONAL INCOME - THE ONLY WAY TO INTRODUCE IT


HUGE NEW FINANCIAL RESOURCES FOR SPORT

ALPINE SKIING - FUTURE VISION

ATHLETICS - FUTURE VISION

MUST VISIT CITIES



TWEETS @JozefStasik

March 10
A washing machine that breaks down after two years, cars whose paint is falling off, repair shops full of relatively new TV sets. Things crammed with pointless electronics, features that the customer won't use anyway and only serve to make the thing break as soon as possible. #economy

March 09
Enact an increase in the mandatory product warranty from two to five years. #economy

March 08
The store offers a great service to the client in that he can pay for the purchase in his home currency. But it does not inform that the purchase will become significantly more expensive. #economy

March 07
It is an unfair practice to be able to choose the currency when paying by card. Paying with your own currency abroad makes purchases 3-5% more expensive. #economy

March 06
Credit is not a positive but a negative phenomenon. And it certainly should not be advertised. Like cigarettes or alcohol. #economy

March 03
Football has two nonsense - offside and 21 players on one half of the pitch. Abolish offside and limit the number of players on one half of the pitch to goalkeeper + 5 (6,7) defenders and 5 (6,7) forwards. #football #soccer

March 02
A significant part of the economic community is convinced that cheapening credit is miraculously driving the economy. A kind of economic perpetual motion. #economy

March 01
Indebted states, indebted citizens, foreclosures, bank failures, bank bailouts with taxpayers' money, a threat to the entire financial system - this is the hallmark of an economy based on credit. #economy

February 28
Ban on advertising for loans #economy

February 27
If the state imposes an obligation on a citizen or a company, it must not be carried out by a private company, but by a state institution. If the state cannot provide the service on its own, it must not require the citizen or company to do so. #economy

February 24
The state must not be a merchant that ensures profits for private companies. Citizens or companies are burdened with a number of obligations that benefit private companies. #economy

February 23
The state is in the habit of taxing undesirable phenomena. There are excise duties on alcohol, cigarettes and, to protect the environment, carbon fuels. The question is whether to include violence in films among the undesirable phenomena. #economy

February 22
It would be interesting to compare the gross profit per employee compared to their wages. #economy

February 21
Companies should be required to disclose the median wage. This would allow employees to compare their pay with the company's wage level. They would also get information about wages in other companies and could choose a better paid position. #economy

February 20
Since 2018, Slovakia has had a legal obligation to publish the minimum wage for the advertised job in job advertisements. This is a very successful regulation that has helped wages rise significantly. #economy

February 17
The first website created by artificial intelligence. The website detects the difficulty of text. I just typed in verbal instructions, the AI created the code....

February 16
Copyright - What is part of the work, because part of the work is also subject to protection. In a book, is it a letter, a word or a sentence? In music, is it a note or multiple notes? Then how many?

February 15
Copyright tax - The price of the work may be adjusted by the author. The tax will be symbolic for the first year - for example 1 EUR. From the second year 0.1% of the value of the work, the third year 1%, the fourth year 2%, etc. #economy

February 14
Copyright tax - The tax percentage would increase with each additional year of protection of the work. The end of the payment of the tax also ends the protection of the work. #economy

February 13
The EU can create a catalogue of copyrights that will be protected in EU countries. Each copyright owner will describe the subject matter and determine its price. For this price, anyone in the EU can buy the work and use it. A tax is set on the price. #economy

February 10
The author is entitled to protection of the work. But at the same time, it is property, just like real estate, and it is subject to taxation. That is why progressive taxation of copyright is the solution. #economy

February 09
Copyright protection is a non-market element. #economy

February 08
Progressive taxation of copyright. #economy

February 07
Air, water, agriculture lands, sand and others minerals, metals and others ores, biodiversity, climat, etc are classic local sources. But today it can also be energy, hydroponic and automated crop production, 3D printing, robotics, automated systems. #economy

February 06
The EU has a huge opportunity to redesign the digital currency to lead to prosperity in every city and village. #economy

February 02
How to keep money in the regions in a liberal market economy? The only solution is digital currency. #economy

February 01
Globalisation has solved one side of the equation - we have cheap goods from all over the world. But how do we ensure that citizens have the income to buy the goods? #economy

January 31
Keeping finance in the regions - a key to prosperity. #economy

January 30
Politicians - maximum ambition, minimum ability.

January 27
There are 200 governments in the world. Each government has its own idea of governance, and it is very far from the optimal model. Another million amateur mayors govern cities and villages. That's why the world is like this.

January 26
A great example from Italy - Italian petrol stations will have to display the national average price of petrol and diesel. A huge service to consumers - let's extend this to other goods and services. #economy

January 25
The present is the most effective stage of colonialism - money is being sucked out - from all over the world #economy

January 24
On the one hand there is a completely free market (Charles Dickens), on the other hand complete control (George Orwell). All economies move between these poles (thankfully). The only question is the degree of state intervention. #economy

January 23
"Anti-market laws": the 8-hour workday, 5-day workweek, paid holidays, protection of workers' rights, consumer protection ... All sensible governments restrict the free market in this way. #economy

January 20
One of the laws that governments use to oppose the free market is copyright protection. #economy

January 18
Cryptocurrencies. They cannot be used for payment either. Everyone knows they have no value. But a critical mass of traders set their price and others accept it. #economy

January 17
If national debts are rising but inflation is not, it means only one thing. There is a shortage of money in the economy. Central banks are at fault. #economy

January 16
When will airlines understand that the guarantee of non-folding seats is a great competitive advantage?

January 13
I look forward to the day when AI creates 100% copies of the old masters' paintings.

January 12
What's the point of a cryptocurrency that can't be used to pay? #economy

January 11
GDP is not an indicator of citizens' prosperity. The size of their wallets is the indicator of prosperity. #economy

January 10
The success of a government is measured by the size of the voters' wallets. #economy

January 09
Economists - Offering predictions is easier than offering solutions. #economy

December 16
Lab leaks and lockdowns. What if the Chinese know a lot more about the virus, and that's why they're ordering lockdowns?

December 15
The economy is behind most of the problems. The elites fail to offer a good economic model to the masses. #economy

December 14
The world economy is like the Boston Marathon. Only 30 runners will get the Prize Money. The rest of the runners will pay $7,000,000 in fees. #economy

December 13
Many pension schemes are based on gambling. What else can you call stock markets? #economy

December 12
Once upon a time, companies had the goal of satisfying customer needs. Today, companies are thinking about how to make the most of the customer. #economy

December 09
Companies are becoming less and less trustworthy. Do you agree? #economy

December 08
Uniform standards could make a large number of products cheaper. #economy

December 07
Raising interest rates does not reduce inflation, but rather increases it. For a simple reason - it increases the cost of goods and services. The increased cost of credit translates into a higher price for the product or service. #economy #inflation

December 06
Financial support for photovoltaics and heat pumps has two important anti-inflationary effects. It increases the supply of energy and reduces the demand for energy from other producers. #economy #inflation

December 05
The door for the extreme is opened by incompetent politicians.

December 02
The more losers in free market competition, the more voters for extremist parties. #economy

December 01
Thousands of economists study interest rates, credit ratings, debt levels every day. They study an economy built on debt and take debt for granted. They do not understand that an economy based on debt is a sick economy. #economy

November 30
Can politicians grasp an increasingly complex reality?

November 29
The energy crisis is a lesson. On the subject of self-sufficiency. #economy

November 28
Profit above 10%. Tax it? #economy

November 25
Business margins above 20%. Tax it? #economy

November 24
Clearly, the economic mainstream does not offer a solution. But there are solutions. We need to start looking elsewhere. #economy

November 22
The rule of law does not mean a fair state.

November 21
When criminals are not convicted, the legal system is bad.

November 18
The logical interest of the banks is to have as little money in circulation as possible. So that they can lend it out at a profit. Explaining the behaviour of central banks. #economy

November 16
UBI can also take a non-monetary form. How about free energy? The state will buy it in bulk much cheaper. #basicincome #economy

November 15
There's no money for UBI. Let's think the other way around. How much "new" money can the economy handle? Can it produce enough goods and services as demand grows? #basicincome #economy

November 14
Car companies are introducing unfair practices. They are installing single-purpose technologies in cars that increase the price of the car. They charge for the use of these technologies. This is called extortion.

November 11
The high debt levels of countries and citizens show that the economy can increase its performance by increasing demand. And indebtedness is a completely unnecessary effect. #economy

November 10
UBI can have another effect. If the state takes over part of the wages, the price of goods and services can be reduced. And this will reduce the pressure on inflation. #inflation #basicincome

November 08
For years, countries have been borrowing huge amounts of money, which has flowed into the economy. With no effect on inflation. So the price of money does not affect inflation. The economy has just increased its output, which is a logical consequence of increased demand. #inflation

November 07
Central banks must immediately launch interest-free loans for house construction, photovoltaics, heat pumps, batteries. Directly to citizens through municipalities. Avoid intermediation through banks. Maximum repayment amount - monthly energy costs in 2021.

November 04
Raising interest rates is a misunderstanding of inflation. #economy

November 03
If a company doesn't value its own employees, it doesn't value its customers. It only cares about profit. #economy

November 02
State aid to a private company must be compensated. For example, by taking over part of the company, banning the payment of dividends, banning bonuses to managers. #economy

October 31
Home office and 4-day work week. These are the most effective and affordable solutions to climate change. #climate

October 28
During communism, an alternative currency was used in the villages of Slovakia - own labour. For example, houses were built through mutual aid. Very comfortable, by the way. Keeping money in the regions will ensure their prosperity. #economy

October 27
UBI is a necessity. The arguments are great. The activists have done an excellent job. But step 2 must follow. Design economic models that will allow UBI to be funded. Politicians need to be offered a database of ideas. The chances of introducing UBI will increase sharply. #economy #basicincome

October 25
There is good GDP and bad GDP. Bad GDP is certainly the production of weapons or cigarettes. The criterion may be, for example, the amount of money spent on mitigating the impact of the activities of firms or industries. What would you classify as bad GDP? #economy

October 24
Twitter is full of great ideas and thoughts every day. It would be good to collect them in one place and categorize them.

October 21
Reading the economic commentaries, I get the feeling that the authors consider a return to slavery to be the best solution. They just don't want to admit it directly. #economy

October 20
I look forward to the day when AI finds the recipe for Coca-Cola.

October 18
The products of food companies are also a cultural heritage of humanity. Companies should declassify the recipe 5 years after production has stopped.

October 17
Evolution. The best products will not survive. The ones that make the most profit will survive. #economy

October 14
The Nobel Prize in Economics - a cruel mockery of billions of poor people. The current economic model gives them no perspective. #economy @NobelPrize

October 13
Nobel Prize in Astrology. What do you think, The Royal Swedish Academy of Sciences? #economy

October 11
Does the EU have the solution to transform the economy from one for the rich to one for all? #economy @EU_Commission

October 10
Capitalism is the freedom to choose your slave owner. #economy

October 7
What do people need more? Cryptocurrencies (price fluctuations, complicated storage, energy-intensive mining, theft) or Digital Currency for the 99% (stable prices for goods and services, use everywhere in the world, stable exchange rate to USD and EUR)? #economy

October 6
The West created competition - the market system. It naively assumed that it would always be the winner. China accepted the challenge. If the West does not radically reform its thinking, it will become a loser. #economy

October 5
ECB - Giving away EUR 3.2 trillion to banks and waiting for the economy to recover was nonsense. When energy prices are rising, the ECB is supposed to give massive interest-free loans directly to people for photovoltaics, heat pumps, batteries. #economy #ECB

October 4
When the concept of human rights is abused by thugs, justice loses. And the people who follow the rules lose.

October 3
Taiwan's technological achievements are remarkable. The same people live in Taiwan as on the mainland. So in a short time there will be a China with a huge technological superiority over the Western world. #economy

September 30
Copyright is an important anti-market element. China has understood this and the results are great. #economy

September 29
1. The new political party must offer prosperity for all. Otherwise it is useless.
2. But neither politicians nor economists offer any solutions.
3. The only solution that exists so far is a Digital Currency for the 99% and in particular its special platform. It is now looking for an investor.

September 28
If countries have borrowed huge sums and the economy has absorbed the money without inflationary effects, then the problem is the low volume of money in circulation. And that is solved by other means, not by debt. #economy

September 27
Why don't EU countries borrow directly from the ECB, but finance the billions in profits of commercial banks? #economy

September 26
Judging by articles in economic periodicals, it is easy to get the impression that interest rates are all-powerful. The economic model based on debt is flawed. After all, the consequences affect us every day. #economy

September 23
The main cause of inflation? The richest group. They have nowhere to store their wealth. So they buy up real estate and businesses or invest in commodities. By concentrating, they've gained the ability to dictate prices. And consumers have to adapt. #economy #inflation

September 22
Debt is a sick element of the economy. #economy

September 21
Economists celebrate every percentage point of GDP growth, but they have no solution for Africa or Latin America. Worse, this economic system is increasingly failing in Western countries as well. #economy

September 20
The most effective and affordable measure against transport emissions? Mandatory home office. Reduces peak hour traffic by 25-30%. #ecology

September 19
EU - planning to save 15% gas? It's easy. Make home office mandatory for all positions in companies and offices where possible. @EU_Commission

September 16
A public register of companies is needed to monitor the failure rate of industrial products. Penalties, such as a special tax, should also be included. #economy

September 14
The natural limits of GDP - the consumption ceiling in rich countries where many people already have all the goods they need - are beginning to show. Companies are starting to produce low-quality, short-lived products to force consumers to buy. #economy

September 13
The ECB has been setting inflation targets for years. And analysts and economic commentators nodded in agreement. Fortunately, the ECB has not been able to meet its inflation targets. Now we have that dream inflation. It's good to see what kind of experts the media are giving space to. #economy #ECB

September 12
They tried to tell us that deflation was bad. But they did not say who it was bad for. Deflation is always good for consumers. #economy

September 09
GDP growth or decline does not directly affect wages. #economy

September 08
For 99.9% of people, the downturn in commodity markets is great news. It makes you think about how we create institutions. #economy

September 07
In the two-kilometre peripheral strips around The Line Saudi Arabia, 560,000 houses with 900 m2 of land can grow. A great alternative to housing. @NEOM

September 06
The free market is competition. There are always winners and losers in a contest. But the number of losers has been rising significantly for a long time. And the economics community offers no solutions. #economy

September 05
Having a house 1km from The Line Saudi Arabia can be a great thing. You have privacy while having complete services in close proximity. @NEOM

September 02
The world is full of universities. Find at least one that offers solutions for today's economy. #economy

August 31
The Line Saudi Arabia has one fascinating advantage. Nature is only a minute's walk away. @NEOM

August 19
Automation and robotics must benefit all people. We must look for models to bring automated and robotic systems to all regions. The economies of all regions must be equalised so that the quality of life is at a reasonable level everywhere in the world. #economy

August 18
Balance is always important. Individualism has taken over in the Western world and Twitter is full of criticism of the accompanying phenomena.

August 17
UBI is not enough. It is also necessary to keep money in the regions and revive their economies. And only a special digital currency that is different from today's cryptocurrencies can do that. #basicincome #economy

August 16
The problem in the US is not two parties. A market generates too many losers. Will the new party offer an economic alternative? The new party may be successful, but it will not bring anything new to the voters. There are many examples in the world. #economy

August 15
Companies should be required to disclose the median wage of employees. This figure tells more than hundreds of ESG statements about a company. #ESG #economy

August 12
Slovakia has recently adopted a law on mandatory publication of the salary offered in job advertisements. The law brought a significant increase in salaries. #economy #Salary

August 11
Companies have discovered that they can make things more expensive without worrying. And profits are rising. We need to start thinking about automated taxation mechanisms. It can be an effective way to fight inflation. #economy #inflation

August 10
Residents have the right to protest against high energy prices. Against whom to protest? How about directly against the people who profit most from energy prices? #economy #inflation

August 09
Homeowners can laugh at energy prices. They buy photovoltaics, heat pumps, batteries and electric cars. And they have no problem. #economy #inflation

August 08
How to fight high energy prices? Nationalise the big producers. #economy #inflation

August 05
Apartment owners are held hostage by heat suppliers and noisy neighbours. Now they have become hostages of the energy suppliers.

August 04
If psychics can see the future, then either the future already exists or the Matrix has released information about further developments. Which is more logical? #psychics #Matrix

August 03
Classical pricing (cost+margin) has been disrupted by commodity exchanges. Another and very high item must be added - yield. The consequence is inflation. #economy #inflation

August 02
The collapse of the economy will mean the collapse of civilization. High energy prices are bringing that collapse rapidly closer. #economy #inflation

August 01
Speculative capital triggers a domino effect. High energy prices liquidate firms producing basic materials. This raises the price of materials with the same consequences for the manufacturing industry. #economy #inflation

July 29
Production of aluminium and ferroalloys in Slovakia is coming to an end. Ironworks are under great threat. The cause - energy prices. The consequence - a shortage of semi-finished products and a consequent rise in prices. #economy #inflation

July 28
Commodity exchanges are a good thing. Unless speculative capital comes in. #economy #inflation

July 27
Economics is a set of theories that are not based on evidence. That's what the world looks like. #economy #inflation

July 26
For economists, there is profitable work without any responsibility. Astrological predictions of market movements in economic periodicals. People have always loved horoscopes. They just need to adapt the subject and form to the reader.

July 25
Increased money supply is the cause of inflation. Really? Imagine an thrifty nation where every inhabitant starts receiving an extra EUR 2 000 a month. The inhabitants do not change their consumption habits and start saving. Will there be inflation? Of course not. #inflation

July 25
The concept of copyright is the inefficient anti-market measure of the last millennium. China has only uncovered huge market opportunities that companies in the Western world cannot exploit. Copyright reform is essential.

July 24
Sri Lanka : A call to all economists! Try to propose an immediate solution. It cannot be belt tightening or borrowing. I myself am curious to see if a solution can be found. #economy #SriLankaCrisis

July 22
Energy market liberalisation has contributed significantly to inflation. #inflation #economy

July 21
Opponents of basic income are hampered by "free money". Free money is also higher pay for the same work in richer countries. #basicincome #economy

July 20
The general consensus (and the easiest explanation without thinking) is that inflation is a consequence of quantitative easing. I disagree. The problem is misallocation of money. #inflation #economy

July 19
How much money can a healthy economy handle without inflation rising? Have economists done tests with different masses of money to answer this question? #inflation #economy

July 18
The world needs an alternative economy based on local resources and using digital currency. There is no need to fight governments. Private enterprise can create a prosperous world. #economy #basicincome

July 15
Opponents of basic income are hampered by "free money". What about wealthy heirs, rentiers, lottery winners, bank managers and a host of other groups. Free money doesn't get in the way there? #basicincome #economy

July 14
How to avoid inflation? Move basic needs (housing, basic food, energy...) out of the market. #inflation #economy

July 13
The main problem for central banks? Overestimating the role of commercial banks in the economy. That's why the results are dismal. #economy #ECB

July 12
The ECB's response to inflation is completely wrong. It has stopped quantitative easing. The correct response should be to maximise quantitative easing and direct it towards photovoltaics and heat pumps. #inflation #ECB

July 11
Inflation - proof of the dysfunction of the market economy. Where is the influence of competition to push down prices? #economy #inflation

July 8
Mars - free housing, food, water, energy. Maximum automation and robotization. Let's start building Martian colonies on our planet. Let's find a solution for 100 people, later for a thousand people. Then we don't have to find solutions for millions and billions. #economy #Mars

July 7
2% of the third millennium has passed. The economic model has exhausted its possibilities. Let's think differently. How will the economy work on Mars? Let's think alike and the results will surprise us. #economy #Mars

July 6
The creator of the robots has one more duty. To provide a universal basic income. #basicincome @elonmusk

July 5
When will the book reader with a built-in translator go on sale? A quality translator? That's just the first step. Book readers have huge untapped potential. @AmazonKindle @pocketbook

July 1
Since 2015, the ECB has provided €3.2 trillion to banks (10,000 € per inhabitant). The following amounts could come to the cities: Rome - 43 bln € Madrid - 32 bln € Paris - 21 bln € ... Multiply the population of your town by €10,000. #economy #ECB

Jun 30
What would have happened if the opposite had happened in Zimbabwe? Print money first and introduce unconditional income? Would there have been hyperinflation? #economy #basicincome

Jun 29
21 million bitcoins. Maximum price 70 000 USD. That's $1.4 trillion - $200 per capita. And no effect on inflation. So print that $200 and give it to every person on the planet. #economy #basicincome

Jun 28
When will the first Greenpeace activist tie himself to a bitcoin farm? #economy #ecology

Jun 27
Bitcoin? OK, but where is the complaints department? #economy #bitcoin

Jun 24
28 QUESTIONS FOR ECONOMISTS
Question No.28 - Health insurance companies win, hospitals lose - Do we really want these competition rules? #economy

Jun 23
28 QUESTIONS FOR ECONOMISTS
Question No.27 - The winner is trade, the loser is production. But the product must be made. #economy

Jun 22
28 QUESTIONS FOR ECONOMISTS
Question No.26 - Investors are winners, employees are losers - But companies are made up of employees. #economy

Jun 21
28 QUESTIONS FOR ECONOMISTS
Question No.25 - Winners are companies, losers are consumers. - Why doesn't competition and price cutting work? #economy

Jun 20
28 QUESTIONS FOR ECONOMISTS
Question No.24 - The winners are managers, the losers are scientists, creatives, health workers, labourers, social workers - Who is more needed for society? #economy

Jun 17
28 QUESTIONS FOR ECONOMISTS
Question No.23 - Banks are the winners, health, services, farms are the losers. - What does society need more? #economy

Jun 16
28 QUESTIONS FOR ECONOMISTS
Question No.22 - The winner is Western Europe, the loser is Eastern Europe - the losers are the poor areas of Italy, Spain, France. Has the EU learned its lesson from Brexit? #economy

Jun 15
28 QUESTIONS FOR ECONOMISTS
Question No.21 - A consumer can buy goods from all over the world. Where he will get the money for his purchases? #economy

Jun 14
28 QUESTIONS FOR ECONOMISTS
Question No.20 - Is it normal for people to repay a mortgage all their productive lives? #economy

Jun 13
Universal charger standard for the EU. Finally, good news for consumers. We expect more standards. #consumers

Jun 10
28 QUESTIONS FOR ECONOMISTS
Question No.19 - Is the economy functioning properly when most of its entities are in debt? #economy

Jun 9
28 QUESTIONS FOR ECONOMISTS
Question No.18 - Where are the trillions of euros from the ECB's quantitative easing (€10,000 per resident)? #economy

Jun 8
28 QUESTIONS FOR ECONOMISTS
Question No.17 - Is it right to corrupt investors with tax breaks? How to bring manufacturing to poor areas? #economy

Jun 7
28 QUESTIONS FOR ECONOMISTS
Question No.16 - Have stock markets become a Ponzi scheme? #economy

Jun 6
28 QUESTIONS FOR ECONOMISTS
Question No.15 - Is cheap credit helping the economy? Will a company take out a loan just because it is cheap? #economy

Jun 3
28 QUESTIONS FOR ECONOMISTS
Question No.14 - Does the competition still work? Prices are not falling in the long term. #economy

Jun 2
28 QUESTIONS FOR ECONOMISTS
Question No.13 - Can we find an indicator that shows the true level of welfare of citizens? #economy

Jun 1
28 QUESTIONS FOR ECONOMISTS
Question No.12 - Is GDP the best indicator? #economy #GDP

May 31
28 QUESTIONS FOR ECONOMISTS
Question No.11 - Should robotization and automation bring benefits to all? #economy #robotization

May 30
28 QUESTIONS FOR ECONOMISTS
Question No.10 - How to ensure prosperity in each region? #economy

May 27
28 QUESTIONS FOR ECONOMISTS
Question No.9 - How to prevent the depopulation of regions? #economy

May 26
28 QUESTIONS FOR ECONOMISTS
Question No.8 - How to eliminate unemployment? #economy

May 25
28 QUESTIONS FOR ECONOMISTS
Question No.7 - How to eliminate poverty? #economy

May 24
28 QUESTIONS FOR ECONOMISTS
Question No.6 - How to eliminate homelessness? #economy

May 23
28 QUESTIONS FOR ECONOMISTS
Question No.5 - Does the economy serve the people or the people serve the economy? #economy

May 20
28 QUESTIONS FOR ECONOMISTS
Question No.4 - Do economists have a formula for a prosperous economy that will apply in every country in the world? #economy

May 19
28 QUESTIONS FOR ECONOMISTS
Question No.3 - East Germany introduced all market reforms + got 2 trillion euros. Why doesn't it work? #economy

May 18
28 QUESTIONS FOR ECONOMISTS
Question No.2 - Post-communist countries have implemented all market reforms. Why, after 33 years, is their economy not at the level of, for example, Austria? #economy

May 17
28 QUESTIONS FOR ECONOMISTS
Question No.1 - Why doesn't an open market economy bring prosperity to all? #economy

May 16
Are stock markets a Ponzi scheme? Of course. New deposits generate profits (rising stock values), not rising economic activity. #economy

May 13
The job of robots is to work. Why do they teach them to walk?

May 12
Economic theory needs its Däniken. #economy

May 11
China’s robot-built 3D-printed dam ready in 2 years. The 180 metre high Yangqu hydropower plant will be built slice by slice – using unmanned excavators, trucks, bulldozers, pavers and rollers, all controlled by AI. GREAT #robotization

May 11
Eastern Europe - 33 years of reforms and billions of EU funds. And still failing to match the West. A glaring error in economic theory. #economy

May 10
Pope Francis. All voters have a university education. Then the election result is excellent.

May 9
Quality of Life
China - India 20:3. The debacle of democracy. The failure of the open market economy. Perhaps we need to start explaining. And start thinking. http://chinind.belgof.com

 








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