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CBDC in the Euro Area

How it impacts consumers and financial system?

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Imagine a world without money. No more wars, because resources belong to all of humanity. The government ensures equal and just distribution of goods. Competition, egoism, banks, and capitalist greed vanish. People work not for pay, but to serve one another. No more stress, debt, or struggle to make ends meet. Leonardas Marcinkevičius is an Expert at the Lithuanian Free Market Institute It’s a familiar vision—not displayed in any art gallery, yet often rediscovered in the rhetoric of utopian communist thinkers. Throughout history, there have been constant attempts to break free from the constraints imposed by…

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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.

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Our accomplishments

6th
he most influential think tank in the region
3
time recipients of the prestigious Templeton Freedom Award
33
analytical studies per year
80 %
school students learn from our textbooks
PROSPERA ACADEMY

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.

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OUR INITIATIVES

“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.

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