The Myth of Inequality
Official government measures greatly exaggerate income inequality by ignoring taxation and noncash sources of income.
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Articles
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.
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A Permanent Wartime Economy
The fundamental reality is that more money does not create any new goods or services in the economy. Money is not wealth. Wealth is productive capacity; the ability to create actual goods and services.
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The super influencers of 2024
Those who, in my opinion, will be the most important influencers of the next General Elections in Puerto Rico are already presenting themselves in society: the super PAC's, particularly the one created by the country's industrialists called "Democracy is Prosperity".
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New Hampshire Bakery Ordered to Remove Mural Because It Depicts Pastries
When even the smallest details regarding a property fall under the purview of government, the inevitable result is a society of busybodies.
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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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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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Puerto Rico: a failed economic experiment
It is unbelievable that after the governmental bankruptcy, the public and productive management model of the island is still tied to a large and intrusive government in our daily activities. Chilean lawyer and political scientist Axel Kaiser, considered among the most influential voices on economic issues, said at a conference on the island that to
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The vision of catastrophic independence for Puerto Rico
Chilean doctor Alex Kaiser caused a stir when he pronounced that independence for Puerto Rico would be catastrophic. His approach does not focus on the reduction of federal transfers, although he considers them a dangerous dependency for the island. His argument is that the politicians in Puerto Rico who oppose economic freedom and the people who elect them would lead the country into a devastating scenario.
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The BSN and the free market
This year we have seen a resurgence of the National Superior Basketball (BSN, its acronym in spanish), with courts filled to capacity, high technology and shows before and at halftime like in the NBA. This coincides with the private investment of businessmen from Puerto Rico and the United States; a healthy and competent administration; and contracts to high quality reinforcements players, former NBA players. The result has been greater competitiveness and sports quality, as well as an increase in the number of fans on the courts and in television and radio audiences.
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