Articles

Salinas, sad reflection of Puerto Rico

Rule of Law /

For those of us who have spent years navigating the tortuous planning and permitting process on the Island, it is obvious that there are anti-development visions and forces, of government leadership and with little respect for the right to use and enjoy private property. This vision permeates multiple laws and regulations, including the Land Use Plan. The timidity of our rulers and the lack of a firm public policy for economic development, articulated and based on science, not on electoral fears or on social networks, permeates even the desks of the officials responsible for the evaluation and granting of permits.

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Rule of Law
Rafael Rojo
April 26, 2022

Supply crunch should spur states to pursue licensing reform

Occupational Licenses /

In today’s difficult labor market, it’s important that we remove unnecessary red tape. State legislatures may have good intentions when they pass licensing laws, but they make it more difficult for people to enter professions or start businesses. State governments shouldn’t be making matters worse with unnecessary barriers to opportunity.

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Occupational Licenses
Conor Norris
April 19, 2022
Supply crunch should spur states to pursue licensing reform

The Culture of Sloth: Puerto Rico’s Addiction to Federal Funds

Articles /

Now that Puerto Rico is out from under the crushing weight of gigantic debt, where is it headed? Will it get deeper and deeper into dependence on federal funds, or will it revive economic growth through job-creating private investment? As Heidie Calero, for many years one of Puerto Rico’s top economists, put it in a recent column: Is it Operation Handout or Operation Bootstrap?

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Articles
Alex W. Maldonado
March 31, 2022

Without economic freedom there is no freedom

Economic Liberty /

In recent days there have been events that illustrate reasons why there is no climate conducive to development and help us generate wealth. We live in a society plagued with obstacles to the free exercise of economic activity, which makes it difficult for Puerto Ricans to become protagonists of their economic activities and promoters of benefits for all.

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Economic Liberty
Carlos E. Díaz Olivo
March 27, 2022

The dependency on Federal Funds: government and people

Economic Liberty /

A well-known feature of the Puerto Rican economy, both at the government and individual levels, is its heavy reliance on federal funds. Over the years this dependency has increased considerably for both of them. Thus, Puerto Rico ranks fourth among all jurisdictions with the greatest dependence on federal funds for its tax revenue, with the state of Louisiana ranking first

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Economic Liberty
Juan Castañer Martínez
March 22, 2022

Economic Freedom, Now More Than Ever

Economic Liberty /

The COVID-19 pandemic no more redeemed or justified statist policies than other crises past generations of politicians exploited to advance them, from the Great Depression to the Great Recession to the harrowing disruptions globalization visited upon America’s blue-collar communities. Free enterprise is not the cause of these challenges—it’s the solution.

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Economic Liberty
Kevin Roberts, Ph.D
March 2, 2022

Peace Through Strength Requires Economic Freedom

Economic Liberty /

It is time to revitalize the system that made America the world’s economic colossus, won the Cold War, and moved billions out of poverty world-wide, including hundreds of millions in China. No nation will ever be as productive as the U.S. while the American economy is powered by limited government, economic freedom, and free markets.

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Economic Liberty
Phil Gramm
March 1, 2022

Puerto Rico on the verge of discharging its bankruptcy

Free Market /

The plan of adjustment and Puerto Rico’s exit from bankruptcy is a welcomed development. However, without structural reforms and changes to the political culture towards confidence in free individuals, the Commonwealth will probably become insolvent within a decade. In light of this experience, policymakers in Capitol Hill should begin preparation for another PROMESA.

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Free Market
Ojel L. Rodriguez Burgos
February 22, 2022
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