Could Spain end up like Venezuela?

Published in Expansión

Venezuela is a tragedy as much as it is a warning. A warning of how a once-rich country can end up oppressed and impoverished by radical socialism and communism (how many more examples will we need?), of how a people can destroy itself deceived by the promises of demagogues and of how a democracy can …

READ MORE >>Could Spain end up like Venezuela?

Vampire States, the killers of prosperity and freedom

Published in Expansión

In a recent speech, Spain’s acting Finance Minister advocated for an increase in the size of the government and announced a brutal tax hike while criticizing the idea that “taxpayers’ money is better in their own pockets,” a concept she dismissed as a “mantra”. The whole sentence, copied word for word from an article published …

READ MORE >>Vampire States, the killers of prosperity and freedom

Banal technology, the obese State and low productivity

Published in Expansión

We live in an era of technological intoxication, in which we all bow down in fascination before the Golden Calf of new technologies. However, we ought to ask ourselves an unpleasant question: are all these technological advances really productive? Why it is, then, that productivity growth has slowed down in developed countries? Given that time …

READ MORE >>Banal technology, the obese State and low productivity

The true cost of the Welfare State

Published in Expansión

Do you happen to know, dear reader, which proportion of your hard-earned income is eaten up by the State’s Leviathan if you add all the direct and indirect taxes that you pay throughout the year? Welfare States follow two essential rules: the first is to conceal the true level of taxation it obtains from plundering …

READ MORE >>The true cost of the Welfare State

Playing Cassandra: a course on reality

Published in Expansión

I witness, in some degree of amazement, how our government officials appear to be immersed in a binge of mutual congratulation and merry back-slapping in the belief that the crisis has run its course, mistaking the manna delivered by the ECB and the nerve-strained inflows of investment funds (which come and go in the blink …

READ MORE >>Playing Cassandra: a course on reality

Destructive monetary policies

Published in Expansión

We are living in an era of economies intervened by central bankers who have been raised to the level of magicians or even gods of Olympus: infallible, clairvoyant and beneficent. Unfortunately nobody whispers in their ear, while holding up the laurel crown, that they are nothing but men. To be fair, at the worst moment …

READ MORE >>Destructive monetary policies