By JP Carroll As we’ve recently reported, Venezuela is in a world of hurt. Their socialist government can’t hold up under the weight of a bottoming out oil price, oil being their primary source of income. To make matters worse, news broke Wednesday that their currency is of such little value, they literally need to…
JP Carroll The Venezuelan economy is doing so poorly that three dozen 747 airplanes had to fly in much-needed cash. Inflation will reach 720 percent this year in the oil rich country, according to the International Monetary Fund. While inflation is reaching an unprecedented rate, Venezuelan currency printing firms are unable to contend with the amount…
After years of idiotic socialist policies, Venezuela’s economy is on the verge of complete and utter collapse. by Joey Clark Despite having some of the earth’s largest oil reserves, the country is essentially bankrupt, ransacked by incompetent government central planners. Matt O’Brien reports: “…Chávez turned the state-owned oil company from being professionally run to…
Martin O’Malley is taking the Bernie Sanders approach to getting headlines: say ridiculously stupid things. O’Malley astutely observed that animals don’t have employment problems. Of course, they also don’t have any system of trade, commerce, or an organized society– but whatever. This is the Democratic debate; it’s a contest to see who can say the…
By Lina Bryce Those who use the force of government to seize property which is not theirs all too often point to the tenants of Christianity as justification for their aims. Liberal Christians often espouse rhetoric claiming God and/or Jesus are socialists. The implication is that economic freedom is immoral. Even the pope has made…
Pope Francis recently praised the internet, social networks, and text messaging as “a gift from God.” While his intentions are well motivated, it’s another instance where this pope has failed to give proper due to free markets. “E-mails, text messages, social networks and chats can also be fully human forms of communication,” the pope said in…
Bernie Sanders, who is putting up a huge fight against Hillary in the Democratic race, was criticized by Ta-Nehisi Coates, a writer for the Atlantic who focuses on racism, issuing a strong critique of Bernie Sanders for opposing reparations for slavery. This comes after a minority focused “Black and Brown” forum in Iowa, in which a…
I have a confession to make; though I am a strident capitalist, I actually love Bernie Sanders and hope he remains a voice in politics for some time. Here’s why… Bernie Sanders’s campaign has become a much larger phenomenon than many of us originally thought it would. Bernie has tapped into a populace message that…
French President Francois Hollande declared a “state of economic and social emergency” during his annual speech to business leaders Monday. From Talking Points Memo: Hollande laid out plans for training half a million jobless workers, greater use of apprenticeships, and aid for companies that hire young workers. Hollande’s Socialist government has struggled to boost long-stagnant…
What happened when TLR’s founder and current Libertarian Party presidential candidate Austin Petersen visited a Bernie Sanders rally in Iowa? Some interesting discussion! Petersen may be the first Libertarian candidate to walk into such a socialist den of economic ignorance. But what he found is there may be some common ground with Sanders supporters. Perhaps…