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Puerto Rico's Economy Has Not Reach Bottom Yet

The excess of federal aid that has come to the Island -associated with the recent natural calamities- has clouded the understanding of the true state of the Puerto Rican economy. The federal money has created a kind of hypnosis that has paralyzed us when it comes to the economic and fiscal reforms needed to achieve a healthy and dynamic economy.

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Gustavo Velez
June 18, 2023

Puerto Ricans are individualists

Individualism is a defining characteristic of modernity. Previously, in traditional societies, the identity and position of the individual were dictated by a single way of living; but a new moral practice emerged within Western civilization creating the main root of modernity. This root is individualism - the ability of the individual to pursue his desires, his ends, and his moral identity.

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Ojel Rodriguez Burgos
June 14, 2023

The Moral Argument as a Foundation of the Free Market: A Call to the Advocates of Economic Freedom in Puerto Rico

Rafael Bernabe's statements in Jacobin magazine that there is "fertile ground for anti-capitalist ideas to advance in Puerto Rico" exemplifies the inclusion of socialism in the Western political tradition.

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Ojel L. Rodríguez Burgos
May 17, 2023

A President Who Warned Americans What Extravagant Federal Spending Would Do to Character

In August 2023, when we mark the centennial of Calvin Coolidge’s ascendance to the presidency upon the unexpected death of Warren Harding, we should celebrate his devotion to economy in government—and not just that he talked about it, but mainly because he delivered on it.

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Lawrence W. Reed
April 12, 2023

Occupational licenses, a barrier to individual prosperity

Occupational licensing - state regulation of particular jobs - presents barriers to the economic freedom of individuals. Over time, the state has increased regulation of occupations, thereby increasing labor costs and subsistence, and limiting opportunities for access to jobs and trades. This has raised concerns for individuals, legislators and multi-sector leaders who seek to reform the sector to promote freedoms, including economic freedom, and economic growth.

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Milton J. Quiles
April 7, 2023

The reforms that will save Puerto Rico

The preliminary costs of the bankruptcy, amounting to $1 billion so far, should be a powerful incentive for us to force structural reforms that will save Puerto Rico from a second bankruptcy and an economic cliff. It would be an act of collective folly to ignore the reasons that led us into the fiscal hole and to have become the first state government in the United States to file for bankruptcy.

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Gustavo Velez
March 23, 2023
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