Daily Archives: May 11, 2016

Venezuela should be rich. Instead it’s becoming a failed state.

Venezuela is bankrupt, Puerto Rico is bankrupt.  What causes bankruptcy?  Simply, spending more money than you have for extended time periods. https://www.washingtonpost.com/news/wonk/wp/2016/05/04/venezuela-is-becoming-a-failed-state Venezuela should be rich. Instead it’s becoming a failed state. By Matt O’Brien May 4 It’s come to … Continue reading

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Puerto Rico’s Newest Problem: The Population Can Leave Even If The Debts Don’t

Puerto Rico is a lesson in the failure of Socialism as it drives the productive members of society to leave or work less, just as it happened in Cuba and Venezuela, Puerto Rico’s Latin neighbors. http://www.forbes.com/sites/timworstall/2016/01/05/puerto-ricos-newest-problem-the-population-can-leave-even-if-the-debts-dont/#7318f6fb3812 Jan 5, 2016 @ … Continue reading

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Where’s the Long-Term Plan for Puerto Rico’s Fiscal Crisis?

USA overall labor force participation rate 63% vs 40% in Puerto Rico because far more able-bodied people in PR are choosing not to work, instead choosing to live on welfare. http://blogs.wsj.com/washwire/2016/01/04/wheres-the-long-term-plan-for-puerto-ricos-financial-crisis Where’s the Long-Term Plan for Puerto Rico’s Fiscal Crisis? … Continue reading

Posted in analysis and opinion, culture and cycle of dependency, economic crisis, minimum wage laws are harmful to society, Puerto Rico economic crisis | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

No Wonder Puerto Rico Is Bust: The Venezuelan Mistake

  http://www.forbes.com/sites/timworstall/2016/02/02/no-wonder-puerto-rico-is-bust-the-venezuelan-mistake/#25861592e35e Feb 2, 2016 @ 01:01 PM 1,264 views No Wonder Puerto Rico Is Bust: The Venezuelan Mistake Tim Worstall , Contributor I have opinions about economics, finance and public policy. Opinions expressed by Forbes Contributors are their own. … Continue reading

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