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 »
How did Puerto Rico come to its current situation? What does the future hold for the Island’s economy? Why is it important to talk about the free market, free enterprise, individual liberties and responsibilities, private property rights and law and order in Puerto Rico? These and other questions are some of the issues we address in this section about Puerto Rico’s past, present and potential future.
The Situation of Puerto Rico in the First Half of the 20th Century Read More »
What is free enterprise? What role does it play in the economy and how does it relate to economic liberty? Why do different ways of interfering with free enterprise persist? What problems can interference with free enterprise cause? Under what circumstances is limiting the space for free enterprise justified?
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