INDIVIDUAL FREEDOM AND RESPONSIBILITY
FREE MARKET
LIMITED GOVERNMENT
How it impacts consumers and financial system?
Thank you for subscribing!
“When I was a child, the monarch of Liechtenstein told me: our duty is to protect people from power. If you have power, your first task is to limit the powers of the government, not to expand them.” These words were told by Prince Michael of Liechtenstein during a short visit to Lithuania. The guest, who was invited as a guest speaker to the 35th anniversary of the Lithuanian Free Market Institute came as a surprise to many: a mission of liberty, limited government and responsibility and here is a representative of a monarchy. And the Prince’s family’s position sounded…
We assess the strengths and weaknesses of the tax system and formulate solutions. We emphasize that it is impossible to fundamentally reform a tax system that is entangled with concessions, privileges, and exemptions without returning to the fundamental principles of the tax system: efficiency, proportionality, neutrality, simplicity, transparency, and stability.
The textbook “Economics in 31 Hours” is the only economics textbook designed for 10th-grade students. It was recognized as the world’s best project by the Templeton Freedom Award and named the best learning resource at The London Book Fair awards. The eighth edition was released in 2024.
“Beyond Economics and Back” is a podcast produced by the Lithuanian Free Market Institute that pushes the boundaries of economics. Experts from diverse fields are interviewed by LFMI President Elena Leontjeva.
We thank Danske Bank and Tomas Gorbačas for supporting the creation of the “Beyond Economics and Back” podcast.
