She is another right-leaning president, following Colombia’s new president-elect Abelardo de la Espriella, elected last month. 

The view that an increase in the money supply could revive an economy is based on the idea that money transmits its effect through the aggregate expenditure. With more money in their pockets, people will be able to spend more, and the rest will follow suit. Money, however, only enables one producer to exchange his produce with another producer. According to Murray Rothbard,

Months ago, as a result of the train accident in Adamuz, Spain, I wrote an article entitled “Bureaucracy increases accidents and risks“. And, precisely, now the earthquake in Venezuela had such serious consequences, not because of the geology that is part of nature known and preventable in advance by man, but because of this bureaucracy.

On July 4, 2026 Americans celebrated various people for their role in founding this country. We can start with Washington, Jefferson, Adams, Madison, Franklin, Henry, and continue debating into the night. Somewhere on the list would be Paine—Robert Treat Paine, a Harvard graduate and signer of the Declaration. And, grudgingly for some, another Paine but without a middle name—Thomas Paine—who lacked any of the usual credentials to be considered a founder.

Happy 250th Birthday Americans and to everyone around the world that shares the original American values of individual rights against government!

When I was a boy, one of my favorite holidays was Independence Day. I was an enthusiastic student of the War for Independence. My favorite book was the How and Why Wonder Book of the American Revolution by Felix Sutton. I spent a lot of my childhood reading about the colonial era, the lives of people like Sam Adams, Paul Revere, Thomas Jefferson, Patrick Henry, and George Washington.

With the beginning of the American Revolutionary War at the outbreak of Lexington and Concord, two truths about the Revolution already stand out clearly. One is that the Revolution was genuinely and enthusiastically supported by the great majority of the American population. It was a true people’s war against British rule. The American rebels could certainly not have concluded the first successful war of national liberation in history, a war against the world’s greatest naval and military power, unless they had commanded the support of the American people.