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GDP per capita is eight times higher in liberal countries than in socialist countries.

Foro Regulación Inteligente and Faes have just presented the XXV Edition of the Index of Economic Freedom. | Pixabay/CC/jarmoluk Foro Regulación Inteligente and Faes have just presented in Spain the XXV Edition of the Index of Economic Freedom. This document, prepared in the United States by the Heritage Foundation, measures the degree of laissez faire [...]

GDP per capita is eight times higher in liberal countries than in socialist countries. Read More »

Diego Sánchez de la Cruz
October 12, 2023

Why True Charity Can Only Blossom under Capitalism

Socialists and progressives are wrong to assert that capitalism is inherently greedy. The freedom to choose whether or not to help is a prerequisite for true charity. Progressives and socialists have been able to seize the moral high ground through their use of effective propaganda. These sanctimonious ultracrepidarians posture as champions of charity, because of

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Axel Weber
October 10, 2023

Merit versus “batatism”

The merit system emerged in the Chinese government in the years before Christ. China's great contribution to universal culture has been the invention of the meritocratic civil servant. The Chinese established an efficient, open and secular bureaucracy, selected on the basis of talent, merit and scholarship. This system not only ensured the permanence and flourishing

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Ángel Collado Schwarz
October 6, 2023

If Puerto Rico bankruptcy ruling stands, it could devastate municipal borrowing.

As a former attorney general of the United States, I find it crucial to shed light on a recent court ruling in Puerto Rico that demands our attention. The decision made by U.S. District Judge Laura Taylor Swain in the bankruptcy proceedings of the Puerto Rico Electric Power Authority (PREPA) has profound implications, particularly for the fairness and efficiency of capital markets, as well as the access of state and local governments to municipal bonds.

If Puerto Rico bankruptcy ruling stands, it could devastate municipal borrowing. Read More »

Mathew Whitaker
September 26, 2023

Thomas Sowell at 90

On June 30, 2020, Thomas Sowell turns 90. He is one of the most important economic and social thinkers of the last 50 years. I say that, recognizing that his career overlapped such luminaries as Friedrich Hayek and Milton Friedman. Sowell also has been one of the most prolific social‐science writers of his era, as evidenced by the fact that his birthday also marks the publication of his latest book: Charter Schools and Their Enemies.

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Gerald P. O'Driscoll Jr.
September 15, 2023

Entrepreneurship Is The Source of Economic Liberty for Minorities

Big government is a far heavier burden to those who start out without privileges and advantages. No one has seen entrepreneurship help minorities improve their economic circumstances more than I have—and that’s not only because I’m 93. I saw the power of entrepreneurship firsthand after co-founding the Home Depot.

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Bernie Marcus
September 13, 2023
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