An expanding, interventionist state is crushing the atmosphere of opportunity that once allowed the middle class to build itself up.
Argentina’s vast potential is shackled by its Perónist past. The path to a thriving market economy demands relentless action across society, from the grassroots level to the Casa Rosada.
Previous attempts to reduce waste and improve government efficiency provide instructive warnings.
Argentina's budget cuts have generated eye-popping results: lower inflation, higher wages, and the nation's first budget surplus in 12 years.
Populists exploit economic grievances and cultural anxieties. But their policies make both worse.
"Economists often get lost in abstractions…By coming to terms with himself, Glenn Loury gains a deeper understanding of the challenges and opportunities facing the same communities in which he was…
"Not only are Gen Z Americans unprepared to reform our country’s spending programs and revive the nation’s fiscal health, they are also engaging in the very behavior that will undermine…
"Not only are Gen Z Americans unprepared to reform our country’s spending programs and revive the nation’s fiscal health, they are also engaging in the very behavior that will undermine…
"Socialism not only hollows out economies, but also makes truth the enemy of the people. And when silence overwhelms a nation, the few who are brave enough to speak can…
"Friedman wasn’t a contrarian, but a firm believer in following the facts wherever they led. This 'positive economics' approach would underpin his later contributions for which he was most known."…