Tag Archives: deficit

Puerto Rico’s fiscal board approves plan for Cossec, lifeline for credit unions

  http://caribbeanbusiness.com/puerto-rico-cooperatives-supervision-insurance-corp-proposes-lifeline Puerto Rico’s fiscal board approves plan for Cossec, lifeline for credit unions By Luis J. Valentín Ortiz on August 4, 2017   FAJARDO, Puerto Rico – Puerto Rico’s financial control board certified Friday, with amendments, a fiscal plan … Continue reading

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How Free Electricity Helped Dig $9 Billion Hole in Puerto Rico

Puerto Rico giving away electricity for free and Venezuela giving away products like gasoline for almost free are terrible policy mistakes. Such Socialistic policies are destructive because they do not allow the free market to assign the correct prices for … Continue reading

Posted in analysis and opinion, culture and cycle of dependency, economic crisis, Puerto Rico > Venezuela > Socialism, Puerto Rico economic crisis | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment