I had a weird dream the other day. Immigration, which is in a downward spiral in the U.S., continues to fall dramatically. At a certain point the debate shifts to the desperate need to attract foreigners. Eventually, headlines such as “a million immigrant visas to be granted on a first come, first serve basis...
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A few days ago, one of the founders of Facebook, Eduardo Saverin, a native of Brazil, caused an uproar when it was made public that he had renounced his U.S. citizenship before that company´s IPO (he holds 4 percent of the shares). Two Senators, Charles Schumer (D-NY) and Bob Casey (D-Pa), have introduced a...
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Argentine president Cristina Kirchner recently caused an international uproar with her decision to expropriate 51 percent of YPF, Argentina´s main oil and gas producer, and a major affiliate of Spain´s Repsol, one of the world´s great energy concerns. As has so often been the case with Latin American nationalizations, the move was accompanied by...
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The upcoming 30th anniversary of the Falklands/Malvinas War by which London re-conquered the islands after an Argentine invasion has given rise to abundant demagoguery. With one exception—the document “Malvinas, An Alternative Vision” signed by a group of Argentine intellectuals, lawyers and journalists (they face a lawsuit for treason.) After questioning their government for considering...
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Some of you may recall that Lord Wolfson (of Next stores fame) launched a contest in Britain asking European economists to put forward proposals for an orderly exit of one or more members from the European Monetary Union—i.e. the euro. Now that the deadline for submissions is passed, some of the participants (620 teams...
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The 2010 Nobel Prize in Literature awarded to my father, Mario Vargas Llosa, is great news for those of us who value freedom. His work, as the Swedish Academy recognized in its public statement, explores the oppressive structures of power and the plight of the individual who rebels against them. His novels examine this...
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