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.
Entrepreneurship Is The Source of Economic Liberty for Minorities Read More »
Puerto Rico: a failed economic experiment Read More »
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.
The vision of catastrophic independence for Puerto Rico Read More »
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.
The BSN and the free market Read More »
I am part of the 1.3% who have experienced acculturation and grief. The feeling of missing family, desiring typical food of the country, mastering another language, adapting to a new climate and work environment, has a significant impact on the physical and emotional health of the migrant. In the United States I found wonderful opportunities, but I have never lost the desire to return to my homeland.
A Boricua's Migration Duel Read More »
The past seventy years have seen a substantial increase in the number of jobs and trades that require an occupational license to practice, creating onerous burdens on economic freedom. The lack of uniformity in the system of occupational regulation in the United States presents barriers to interstate mobility and infringes on people's freedoms. Organizations such as the Institute for Justice, Arkansa Center for Research in Economics, and the National Conference for State Legislatures have published reports and indexes that expose various problems arising from occupational regulation and propose ways to address the issue.
Reasons to reform the occupational licensing system Read More »
Marc Joffe recommends the consolidation of some municipalities, given the sharp decline in population that Puerto Rico has experienced, as a way to improve public services and reduce administrative costs.
With Fewer People, Puerto Rico Should Consider Municipal Consolidation Read More »
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.
Puerto Rico's Economy Has Not Reach Bottom Yet Read More »
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.
Puerto Ricans are individualists Read More »
Before leaving to enjoy their long and well-deserved vacations, some legislators are pushing a pilot plan to reduce the workday in government agencies -and later in private enterprise- to 32 hours per week, with the same salary and benefits.
Banquet in Sight: Every Friday Off Read More »
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