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.
A President Who Warned Americans What Extravagant Federal Spending Would Do to Character Read More »
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.
Occupational licenses, a barrier to individual prosperity Read More »
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.
The reforms that will save Puerto Rico Read More »
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 »
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