Bitcoin adoption should be a free choice – neither banned nor compelled by law.
Post-Covid Policy Advice from Ludwig von Mises for Developing Countries
As Mises said, if we want, peace, freedom and prosperity, there is no alternative to the free market economy respectful of competitive entrepreneurship and consumer choice.
Slavery: What They Didn’t Teach in My High School
African tribes who captured other tribes sold them into slavery.
Socialism Worked in Venezuela
History demonstrates unequivocally that socialism works to destroy liberty and prosperity.
“Democratic Socialism” Destroys
“You don’t need the government to dictate how to live your life, how much money you should make, how your family should be treated.”
Socialists Must Own Up to Venezuela
The degree of misery imposed by socialism is proportionate to the degree of redistribution.
Anti-Capitalist Noam Chomsky’s Venezuela Lesson
Venezuela has greater oil reserves than Saudi Arabia. But because some people believe socialism is the answer to inequality, Venezuelans starve.
Immigration and End of the American Melting Pot
America was once a “melting pot” of a diversity peoples that over several generations become something different from their ancestors’ national origins: they became Americans.
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...
Nationalization Is Theft
Nationalization, stripped of all rationalization, is naked theft.
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.
No Devil, No Saint: Chilean General Augusto Pinochet of Chile
Dictatorship, like war, is always an evil.
The Fable of Chile Under Marxism Before Pinochet
So long as Marxists are content merely to write, speak, and fantasize about the destruction of capitalism, they have every right to be left alone. But when they begin to commit armed robbery they forfeit their rights.
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 = Inflation + Recession
Mundell’s economic policy recommendations have been summarized as: “low taxes solve recession, hard money solves inflation”.
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...
Panama and the Canal: Children of American Imperialism and Socialism
And now at the end of the 20th century, when the world is turning away from socialism and the idea of government planning, has the United States even suggested the privatization of one of its largest socialist enterprises? No. Instead, the U.S. government will completely transfer state ownership of the canal to the Panamanian government in the year 2000. Such is the conduct of the global bulwark of capitalism.
On the Edge of Hyperinflation in Brazil
Brazil is a vast country, larger than the continental United States. It is rich in resources and human talent (like America, Brazil is a land of immigrants of various backgrounds and nationalities). If left free and unshackled from government intrusion it could easily become an economic giant in the span of one generation.