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  • Brazil Turns Away from Capital Controls

    Last week, Brazil announced that it is finally eliminating its most prominent tax on foreign portfolio investment. This reversal is the most recent reminder of the negative effects of capital controls. Capital controls are measures, sometimes in the form of taxes or fees, that limit the movement of capital into … More

    President Obama, Bangladesh Has Faced Enough Tragedy, Don’t Take Away Jobs, Too

    Since late last year, workers in Bangladesh have been beset by tragedy after tragedy. First there was a factory fire that killed over 100 garment workers in November. Then last month a garment complex collapsed, killing over 1,000 people. Now, as if to add insult to injury, the Obama Administration … More

    To Prevent Another Factory Tragedy, Bangladesh Should Embrace Economic Freedom

    Over the past two weeks, the world has looked on in shock and horror as the mangled bodies of Bangladeshi garment workers were pulled from the rubble of their collapsed factory. To date, over 600 people have been killed. So far, much of the blame has been directed at the … More

    How Do Nations Succeed? With Economic Freedom

    It’s often easy to forget where we’ve been on the journey to where we’re going. In America, the foundation of our society and the source of our wealth and prosperity are firmly rooted in the principles of economic freedom. Markets are the most powerful force in the world for defeating … More

    Cyprus Bank Bailout: Russia Partly to Blame

    As Cypriots come to grips with this week’s agreement to bail out its banks, Russian policymakers need to think about why their citizens are involved in this crisis. Around 40 percent of Cyprus bank deposits belong to Russian individuals or businesses, and accounts with more than 100,000 euros now face … More

    Egypt: Too Big to Fail?

    As President Obama visits Israel, one of the biggest elephants in the room is the ongoing financial crisis just across the desert in Egypt. Since the Arab Spring uprising, Egypt’s economy has deteriorated. The country’s most immediate crisis is a foreign reserve shortage. Stocks of the country’s foreign currency reserves … More

    Free Trade: Bringing Ireland to Your St. Patrick’s Day Celebration

    Today, millions of people around the world will put on some green, watch a hurling or rugby match, enjoy a Guinness stout, and praise St. Patrick, the patron saint of the Emerald Isle. A beam in Guinness’s Dublin brewery reads “Everyone’s Irish on March 17th.” And, thanks to free trade, … More

    Post-Chávez, Caribbean Should Snub PetroCaribe

    As some Venezuelans mourn the death of populist President Hugo Chávez, their northern neighbors in the Caribbean Basin shouldn’t shed a tear. In 2005, members of the Caribbean Community (CARICOM) sold out on free markets for the price of Chávez’s oil diplomacy by signing up for PetroCaribe, a financing agreement … More

    Mr. President, Don’t Forget: Imports Create Jobs, Too

    Trade is again on President Obama’s agenda thanks to some high-profile mentions in his State of the Union address last Tuesday. According to the President, the proposed Trans-Pacific and Transatlantic Partnerships should boost exports and create American jobs. Exports, however, are only one side of the coin. Free trade also … More

    "Buy American": Path to an Economic Train Wreck

    Commuters on Washington, D.C.’s Metro system may finally have something to look forward to on their commutes other than broken escalators and single-tracking. By 2014, Metro plans on introducing state-of-the-art new rail cars that include LCD screens and ergonomic designs. While these new features may sound exciting, the cost is … More