The Wages of Debt

Here鈥檚 an excerpt from our latest report, written by Sergio Marxuach, on the worrying trends regarding Puerto Rico鈥檚 public debt. The full report is available here. We have also posted a brief interview, in Spanish, that explains the nuts and bolts of the report.

Doing Away with Another Barbarous Relic

In 1923 John Maynard Keynes published his Tract on Monetary Reform, which was his first attempt to analyze the monetary instability that plagued the post-World War I world. In classic contrarian fashion, one of Keynes’ conclusions was that central bankers – by shackling tehemselves to the “barbarous relic” of the gold standard – were actually exacerbating monetary problems.

Gastos Escondidos

La crisis fiscal por la cual atravesamos ha provocado que nuestro gobierno tome una serie de medidas en busca de lograr estabilizar la situaci贸n. Por un lado ha aumentado varios renglones impositivos como el impuesto sobre la propiedad y una sobretasa especial para ciertos contribuyentes.

A new Challenge on Climate Change

On June 29, the U.S. House of Representatives approved the American Clean Energy and Security Act by the narrow margin of 219 to 212. This comprehensive bill, which now moves on to the Senate, seeks to create clean energy jobs, achieve energy independence, and reduce global warming pollution.

Despidos

Hace poco tuve una de esas experiencias frecuentes que nos unen a todos los puertorrique帽os. Estaba tratando de resolver un problema por tel茅fono con una agencia de Gobierno.

The Great Recession of 2009

Some economists in the U.S. have started to talk about the Great Recession of 2009 when analyzing the current economic downturn. In the U.S. alone, home equity lost, between 2006 and 2008, $4.2 trillion; the value of retirement assets has declined by $2.3 trillion; while other investments and savings show losses of an additional $2.5 trillion.

Asset Building in Puerto Rico: A Study of Children Development Accounts in Caguas

In this paper we examine the establishment and operations of a CDA program in Caguas, Puerto Rico. This program affords us an opportunity to test whether asset-building policies can provide a new approach to social welfare in Latin American countries and Hispanic communities in the United States, a middle way between paternalistic, government-based social programs on the one hand and so-called neo-liberal approaches on the other.

Trabajadores

La crisis fiscal y econ贸mica por la cual atravesamos en Puerto Rico y a nivel global, ha resaltado muchas de las diferencias de percepci贸n e interpretaci贸n de los eventos entre trabajadores y patronos. Ambos lados reaccionan con preocupaci贸n. Pero sus propuestas en la mayor铆a de los casos son muy diferentes.