Posts by Alvaro Vargas Llosa
Alvaro Vargas Llosa is a Senior Fellow at the Independent Institute. His Independent books include Global Crossings, Liberty for Latin America, and The Che Guevara Myth.
Learning to Vote


We tend to think of coup d’états as military overthrows of civilian government, but that is only one variant of the destruction of constitutional government. The destruction of constitutional government by the legitimate authorities themselves has been a major threat to liberty for some time. The thought comes to mind as I see Nicaragua...
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The Debt—Does Anyone Care?


The worst part about the U.S. federal debt is not how big it has become but the fact that its growth has now become so unstoppable that we now assume that piling debt on future generations is the natural thing for the authorities to do. The Congressional Budget Office estimates that by 2051 the...
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Cuba’s Heroes


No one remotely familiar with how things work in Cuba can feel anything less than awe and admiration for the thousands of Cubans who have taken to the streets—first in San Antonio de los Baños and then in many parts of the island—to protest against the dictatorship. There are few places on earth where...
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Who really won Peru’s presidential election?


We will probably never know how many votes Keiko Fujimori obtained in one of Peru’s most polarized presidential elections in recent history and whether her rival, Pedro Castillo, who seems close to being declared the winner by the country’s electoral body, would have obtained the most votes in the absence of irregularities that are...
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Peru—Between a Rock and a Hard Place


The recent presidential elections in Peru have confirmed a pattern that has been in evidence for several election cycles. Peruvians have made it a habit of voting in the first round of the elections so as to place themselves, with regard to the second round, in impossible situations—i.e. having to pick between two unpalatable...
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The Debt—Who Cares?


Regardless of where you stand in regard to the American Rescue Plan, it is mind-boggling to see how little anyone in positions of political responsibility seems to care about the debt, perhaps the single most important issue facing the U.S. economy in the next few years. The same can be said of most advanced...
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Could the IMF’s Recipe for Recovery Spell Economic Ruin?


The International Monetary Fund is advising countries around the world to spend even more taxpayer money and continue to print paper currency as the only solution to the economic disaster caused by Covid-19. It recently put out a statement trying to demonstrate that global debt would rise “modestly” after the $14 trillion spent by...
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Populism, Left or Right?


With President Trump’s term now history, a discussion rages about the danger that right-wing populism poses to liberal democracy. Since radical leftists are much more vocal and organized in the denunciation of Trump and other right-wing populists than are, say, conservatives or classical liberals, a narrative has emerged in Europe, Latin America and the...
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Lessons from 2020: A Global Perspective on Covid-19


As this annus horribilis draws to a close, it might be appropriate to step back for a little while and try to summarize a few lessons from the pandemic.
Populism Is Far From Over


Many people overseas infer from President Trump’s electoral defeat that most Americans are finally fed up with populism. They miss the fact that populism is just as powerful in the Democratic Party as it is in the Republican Party and that Trump got some 70 million votes. Populism has been a defining trait of...
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