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
The dependency on Federal Funds: government and people Read More »
History shows us that freedom and prosperity go hand in hand as the human spirit thrives on virtuous liberty. The proven path to preserving and enhancing opportunity, prosperity, and individual well-being is the path of freedom.
Why US Policymakers Must Make Economic Freedom Their Top Priority Read More »
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.
Economic Freedom, Now More Than Ever Read More »
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.
Peace Through Strength Requires Economic Freedom Read More »
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.
Puerto Rico on the verge of discharging its bankruptcy Read More »
The recent COVID-19 outbreak is dealing a major blow to the justification for extreme vaccine mandates. There is no evidence that these policies would do anything to stop COVID-19 breakouts. The test now is to see how leaders and policymakers will respond. Will they stick with the repressive mandates, or will they adjust to reality?
The Failing Case for COVID-19 Mandates 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.
Institutions Matter: Reasons People Move From Blue to Red States Read More »
This article attempts to answer the question: What significant differences are there between America’s top ten inbound and top ten outbound states when they are compared on a variety of measures including political party control of state government, business climate, individual and corporate tax burdens, state fiscal health, electricity and housing costs, economic outlook and performance, and labor market dynamism?
For people outside your state, California conjures images of glitz and glamour: Silicon Valley, Hollywood, and Beverly Hills. Yet California has the highest poverty rate in the nation, and the chasm between the ultra-rich and the poverty-stricken continues to widen.
Cato’s Project on Poverty and Inequality in California Read More »
This chapter summarizes the relationship between open economies and open societies, illustrates strategic opportunities to support democracy with an open economy approach, and recommends actions to respond to current challenges and integrate economic development into democracy assistance.
The Link Between Open Economies and Open Societies Read More »
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