Posts Tagged ‘market-based solution’

  • Paying for citizenship and deficit reduction

    Unusual Ways to Achieve Deficit Reduction

    Apr 8, 14 • 150 Views • Behavioral Economics, Demand, Supply, and Markets, Developing Economies, Economic Debates, Economic Thinkers, Government, Innovation, Labor, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    Hoping to diminish their country’s deficit, last year, Malta’s President and Parliament decided to sell citizenship. The price tag is $891,000 and the perk is that Malta is in the EU. Consequently, you get an island home with a back door leading