The federal Chapter 9 bankruptcy declaration by the Puerto Rican (PR) government in May 2017 was the first time a US sovereign territory declared insolvency with $72 billion of debt. PR, over time, borrowed money for several government bond issues, bond payments were not timely made, ongoing inappropriate spending of taxpayer dollars, and not investing in upkeep of government-owned electricity and public water supply infrastructure.
At the annual Property and Freedom conference in September 2024, Hans-Hermann Hoppe criticized Argentinian President Javier Milei. Hoppe’s critique is, in summary, that Milei compromised on principle in pursuing his goals, and that he is more like a Reagan or Thatcher than a radical libertarian. Milei responded in an interview in December, but surprisingly, he only engaged one of Hoppe’s points at any length.
Today in American politics, even if you are solely interested in economic and foreign policy issues, it would still require Herculean luck not to come across the term “woke.” Woke has become the main weapon of the cultural war on both sides. It could be used to praise someone or to denounce them. A politician could be labelled “woke” by both supporters and detractors. But what does this term really mean?
In the wake of the tragic air crash last week at Reagan National Airport in Washington, accusations are flying back and forth as politicians seek to lay blame and score political points for themselves.
If there is anything we have learned from the American welfare state it is that from the very beginning it created a moral hazard problem whereby paying people for not working incentivizes them to drop out of the workforce and remain impoverished. It’s called “the welfare trap.” Much of so-called “foreign aid” is no different; it is just the internationalization of the welfare trap.
Competitive law is a broad subject that may encompass any economic sector such as transportation, as addressed by Adriano de Carvalho Paranaiba and João Fernando Rossi Mazzoni, under Austrian economics, on the Brazilian transport sector. The aim in the present article, however, is to approach competitive regulation in the monetary sector.
The apartment investment industry—like many other asset classes—recently experienced a massive bubble. Peaking in the period from 2020 to mid-2022, this particular bubble was driven by multiple factors.
Decades of rapid loss of their currency’s purchasing power (against the dollar) and other turmoil, such as hyperinflation and political crises, have long made Argentinians prefer the dollar to save and calculate.
