Rule of law crumbles — again — in Latin America

It’s no secret that most of Latin America has struggled for a long time with the idea, habits, and practices of rule of law. When one consults rankings such as the Heritage Foundation’s Index of Economic Freedom (which measures for rule of law), it’s a depressing picture, despite notable exceptions like Chile. Continue Reading...

Minority views? Priceless

There’s something in our DNA to feel threatened by ideas that challenge our own. History is haunted by tragic examples of the suppression of minority views, whether it be Athens killing Socrates (399 BC), the Roman Inquisition’s placing Galileo under house arrest for advocating heliocentrism (1632), Nazi book burning (1933), or the persecution of many thousands of academics during the Cultural Revolution (1966). Continue Reading...

2019 G20 Summit: Tariffs and forbearance

As world leaders from a select group of the largest national economies meet in Osaka at the end of this week, they face increasing volatility and uncertainty around some of the basic principles and institutions that bring together their various peoples in the global marketplace. Continue Reading...

Why looting is the worst kind of theft

The Mongol ruler Genghis Khan once asked his generals, “What is the greatest happiness in life?” When they answered that it was going hunting on a spring day while riding a beautiful horse, Genghis said they were wrong. Continue Reading...

Should credit-card interest be capped at 15%?

Democratic presidential primary contender Senator Bernie Sanders and Representative Alexandria Ocasio-Cortez have unveiled a plan to cap credit-card interest rates at 15%: Under the “Loan Shark Prevention Act,” the annual percentage rate applicable to any extension of credit would not be allowed surpass 15% on “unpaid balances, inclusive of all finance charges” or “the maximum rate permitted by the laws of the State in which the consumer resides.” Continue Reading...

Should the Boston Marathon bomber get to vote?

During a CNN town hall on Monday, a student asked Democratic presidential candidates Bernie Sanders and Kamala Harris whether they would allow felons in prison to vote: You have said that you believe that people with felony records should be allowed to vote while in prison. Continue Reading...