South America

How Javier Milei’s Free-Market Policies Lifted Argentina Out of Recession

Milei delivered his “shock therapy” plan in the first few months of his presidency. Tens of thousands of state workers were cut as were more than half of government ministries, including the Ministry of Culture, as well as the Ministries of Labor, Social Development, Health, and Education (which Milei dubbed “the Ministry of Indoctrination”). Numerous government subsidies were eliminated, and the value of the peso was cut in half.

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...

Panama and the Canal: Children of American Imperialism and Socialism

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

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.

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