South America

The Bitcoin Law: El Salvador’s Counterfeit Free Choice in Currency

Bitcoin adoption should be a free choice – neither banned nor compelled by law.

Voice of Capitalism

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BRICS Summit: Brazil, Russia, India, China, and South Africa

Last week, the leaders of Brazil, Russia, India, China, and South Africa met in New Delhi for their fourth annual "BRICS" summit. The meeting brought together five countries that together represent 43 percent of the world's population and 18 percent of the world's...

Hugo Chavez: Collectivist Throwback

Despite the fact that the science of economics has been explaining it for over two hundred years, he didn’t know that inflation of the money supply serves to make prices rise.

Bush Bails out Brazil–and Wall Street

United Airlines, to stave off bankruptcy, wants $1.8 billion dollars in federal loan guarantees. With the exception of Southwest Airlines, all major airlines now lose money, with United -- one of the highest-cost airlines -- incurring losses of nearly a million...

Creating Poverty in South America

Several years ago, I was invited to deliver a lecture in Porto Alegre, a beautiful city in southern Brazil. Before my lecture, I did a bit of window-shopping and visited a couple of computer supply stores. Everything in the store sold for two and three times the...

A Mexican VISA-Vending Scandal

President Bush signed an immigration reform bill last month that will supposedly make our borders "more secure" and "smart." But "smart" technology can't cure corrupted borders. This new law won't do much good if our own State Department officials are willing to sell...

Brazil’s War on Profit and Lives

Imagine that you are suffering from an incurable disease, which slowly wastes away your body and leads inevitably to death. One day, a scientist working with a pharmaceutical company discovers a drug that vastly increases your chance of survival. Do you: A) offer him...

The IMF in Brazil: The Emperor Has No Clothes!

I'm not sure what's more infuriating: witnessing Brazil's drawn out slow-motion crash and burn after an endless string of stupid policies over the past year; the sudden breakdown in devaluative stupidity; or enduring the lame economic analysis that ensued in the days...