South America

In 1970, Venezuelans were the wealthiest people in Latin America. With annual incomes comparable to those of the Finns and the Japanese, they earned two-and-a-half times what the typical Latin American earned. Their wealth bought them a longer life, lower infant mortality, and some measure of safety. Today, as the United Socialist Party’s Nicolás Maduro tries to steal another term as president, it is a different story.

Argentina needs a monetary regime whose survival depends as little as possible on domestic politics.

Brazil is facing its greatest struggle for freedom of speech since the end of the military regime that ran the country from 1964-85. For the first time since the adoption of the 1988 Constitution, freedom of speech has been effectively limited without due process, and contrary to the Constitution, the criminal code, and the Marco Civil.  

Argentine President Javier Milei has postponed the implementation of his much-anticipated dollarization plan. Some commentators, including Steve Forbes, have urged Milei to pick up the pace before it’s too late. Is it too late for Argentina to dollarize? One major...

The revelation that Argentina has done something the US government hasn’t done in more than two decades—run a budget surplus—seems like a newsworthy event. So why the silence?

Milei has not dollarized Argentina as promised. Instead, he has chosen a more gradual approach, implementing a series of fiscal and structural reforms that he believes will lay the groundwork for future dollarization. 

Milei is not actually a fan of dollars, precisely because the US currency is also managed by the politicized discretion of a central bank. His goal seems to be a change in the very economic constitution of Argentina, forcing a permanent separation of money and state.

As Americans sift through the Twitter Files and learn the shocking truth about U.S. government involvement in social media moderation, they can take important lessons from Brazil’s recent foray into censorship.

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.

History demonstrates unequivocally that socialism works to destroy liberty and prosperity.

The degree of misery imposed by socialism is proportionate to the degree of redistribution.

Venezuela has greater oil reserves than Saudi Arabia. But because some people believe socialism is the answer to inequality, Venezuelans starve.

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.

Dictatorship, like war, is always an evil.

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.