Elena Leontjeva: Pioneering Economic Freedom in Lithuania
Channel: New Media UFM English
Date: 2024-02-15

Elena Leontjeva, president of the Lithuanian Free Market Institute, highlighted the institute's significant accomplishment in implementing the currency board, which effectively safeguarded the national currency against manipulation from its inception. This mechanism has been instrumental in contributing to the stability and growth of Lithuania's economy over the years.

Moreover, Elena emphasized the institute's steadfast advocacy for tax reform, with a particular focus on abolishing corporate profit tax. Instead, they propose a simplified taxation model shifting the tax burden to dividends, with the aim of incentivizing investment and fostering technological innovation within Lithuania's business sector.

“I think we contributed a very solid model of how to change tax to a more transparent simple administration model.”

Elena discussed how the institute's research has delved into the concept of scarcity as a fundamental driver of change. Their findings provide valuable insights into how scarcity influences policy-making and political discourse, suggesting an ontological approach to understanding scarcity's importance as a catalyst for societal progress.

“We can revisit Austrian economics from understanding of the primordial importance of lack and remodel it as an ontological economics.”

Through its various efforts and initiatives, the Lithuanian Free Market Institute, seeks to deepen the understanding of economic principles and promote effective policymaking both nationally and internationally. Their ultimate goal is to contribute to the advancement and prosperity of Lithuania.

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Organized by The Antigua Forum 2024
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A UFM Studios production, 2021
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