The immigration fiasco on the southern border is not the only ongoing U.S. crisis involving an exodus of Spanish speakers. Since 2006, Puerto Rico has endured an economic and fiscal collapse that has seen nearly a million people emigrate to the mainland United States, which is now the home to more Puerto Ricans than the island itself.
Puerto Rico can use guest workers, just like many states Read More »
However, in Puerto Rico so much beauty is overshadowed daily by the mistreatment of those who govern us. I have heard people say: "I don't pay attention to politics; they are all the same". Politics surrounds us in everything we live and affects everything we do. It is an essential element of living in a civilized society. Therefore, it is impossible not to pay attention to it.
Anger with the situation in Puerto Rico Read More »
Economic freedom is vital for economic growth. If government makes it difficult for people to start businesses, choose their own work arrangements, or invest in companies, economic growth will stagnate. According to a new study, Puerto Rico, New York, and California provide the least economic freedom to their residents while Florida, New Hampshire, and South Dakota provide the most.
Puerto Rico, New York, And California Bottom Latest Economic Freedom Index Read More »
If you’re poor and reside where there’s little economic freedom, then you have fewer opportunities to improve your livelihood compared with those living in more economically free places. The freedom to have the flexibility to control your future and leave a legacy to future generations with little influence by government supports human flourishing.
Economic Freedom Supports Opportunity Read More »
What can they learn about competition, free trade, poverty, regulation, and innovation on both sides of the Atlantic? Argentina's triumph in the World Cup organized by Qatar has given Lionel Messi the last trophy he was missing. Argentina's achievement has also left several lessons that can be extrapolated far beyond soccer. Here are three lessons that our politicians can learn from the world champions.
Lessons from Messi and Di María for Politicians in LatAm and Europe Read More »
One particularly prevalent and pernicious form of regulation is occupational licensing. Occupational licensing is essentially a government issued permission slip required to enter certain regulated occupations. The share of U.S. workers required to hold an occupational license has exploded from around 5% in 1950 to 25% in 2020. Many occupations within the home services industry––which employs nearly six million American workers––require an occupational license, but states vary widely in which occupations they license.
Occupational licensing undermines some of the value of technological innovation Read More »
Despite the collapse of the economic model brought about by the end of Section 936 (1996) and the eventual bankruptcy of the territorial government (2016), it is evident that Washington, much less the territory's officials, want to think about structural changes that would make it possible to devise an economic strategy that does not depend on federal aid. As it is, it appears that we will remain hostage for the short term. Local politicians and in some instances, business groups, have preferred to go to the federal capital to ask for new aid disconnected from a coherent economic development program.
Dependence that hurts economic self-sufficiency Read More »
Liberalism—or, to clarify, classical liberalism, the liberalism of Adam Smith, George Washington, and James Madison, which developed a few centuries ago and cherishes free markets, limited government, and flourishing social institutions—is (like the necktie) a bit out of favor. That’s ironic, because it produced so much good.
The Case for Bringing Back Neckties (and Classical Liberalism) Read More »
The government's proposal is as simple as it is reasonable, but due to the current political discussion and debates, it is also controversial. According to the initiative, the person who is collecting the subsidy and receives a "reasonable" job offer, in case of refusing the job will automatically lose the government income. "For those who can work, the solution cannot be the Citizenship Income," Meloni said in his last speech in the Italian Parliament.
Meloni: anyone who refuses a reasonable job loses unemployment benefits Read More »
The most promising path to reviving competition in Florida’s health-insurance markets is to end the ban on health plans from Puerto Rico and other territories. Obamacare’s costliest regulations do not apply in the territories.
Ban on health plans from Puerto Rico, strangling health-insurance options in Florida Read More »
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