The US Embargo: The Economic and Human Consequences of Flight Cancellations for Cuba

The tourism sector is one of Cuba’s principal sources of foreign exchange earnings, which has long been a target of US sanctions policy. That said, recent measures enacted by the Trump administration to restrict tourism-related revenue have been designed to deprive the Cuban economy of the hard currency needed to finance imports of food, medicines, fuel, and other essential goods. The end goal is to intensify economic pressure on the government, while also having broader effects on the daily lives of ordinary Cubans.

Quibbling Over the Definition of Private Property

Property rights are defined in many ways. It often happens that academics who are interested in the scope, regulation, or protection of private property rights debate endlessly at cross purposes because they do not share the same definition of property rights in the first place.

Some debaters attempt to beat their opponents by initiating a definitional game of “gotcha.” So, you agree—or do not agree—with copyrights. But what is your definition of property rights? Gotcha!

Labor Unions Are Anti-Labor

This article is also available as an Audio Mises Daily

Many Americans, perhaps a substantial majority, still believe that, irrespective of any problems they may have caused, labor unions are fundamentally an institution that exists in the vital self-interest of wage earners. Indeed, many believe that it is labor unions that stand between the average wage earner and a life of subsistence wages, exhausting hours of work, and horrific working conditions.