Articles

Puerto Rico is under the jurisdiction of Washington but is not a formal part of the 50 states that make up the United States of America. Therefore, its inhabitants are not represented in the U.S. Electoral College.

We are grateful and honored that the Wall Street Journal mentioned us as a reference in its opinion piece yesterday titled "Puerto Rico Is a Political Football." The article mentions our report titled "Economic Freedom Actions for a Fair and Prosperous Puerto Rico" and the findings and analysis of its author, Dr. Ángel Carrión-Tavárez, director of research and public policy at ILE.

Government regulations have been historically regarded as a necessary tool to control undesirable behavior, promote worker and consumer safety, and prevent dominant firms from abusing their market power. Most economists accept that regulations have negative impacts on commerce and economic growth. These consequences are often regarded as the price that must be paid to protect vulnerable populations and promote higher ideals such as environmental protection.

Javier Milei gives his opinion on Milton Friedman and the social responsibility of businessmen. It is time for business leaders to defend the principles of a free society with frankness and coherence.

While even the world’s poorest economies have become richer in recent decades, they have continued to lag far behind their higher-income counterparts – and the gap is not getting any smaller. According to this year’s Nobel Prize-winning economists, institutions are a key reason why. From Ukraine’s reconstruction to the regulation of artificial intelligence, the implications are as consequential as they are far-reaching.

The extreme polarization facing national politics, and the unprecedented indebtedness of the federal government represent a dangerous situation for Puerto Rico.

The independence plan manifests reticence towards private economic activity, considering the judgment of state bureaucrats superior to that of the citizen regarding what is in his best interest, writes Carlos Díaz Olivo.

I am not afraid of communism, because in practice, it is unfeasible for that type of system to be implemented on the Island. I do fear that we continue tolerating and consenting to the design of light socialism that prevails on the Island, which after the government's bankruptcy in 2017, ceased to be viable.

There is no state bankruptcy process, and a lot of domestic opposition to creating one, so a future State of Puerto Rico should be fully out of bankruptcy court and able to avoid future bankruptcies on its own.

Advocacy of "socialism," which the United States Socialist Party defines as a "social and economic order in which workers and consumers control production," has resurfaced in U.S. politics in recent years. Public figures such as Vermont Senator Bernie Sanders sing its praises. But the truth is that socialism profoundly undermines people's ability (and motivation) to improve their own living conditions. The misery that socialism has caused millions of people refute its promises, in a terrible way.