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It is interesting to note that the Plan of Stabilization that jump started the rise of the Spanish economy from the “sick man of Europe” to the Iberian tiger actively targeted  a major inflow of foreign capital into Spain by facilitating foreign investments in the country and by granting amnesty to all Spaniards who had illegally accumulated wealth abroad and who were willing to repatriate such wealth; capital held abroad by Spaniards could be brought back to Spain without fear of government prosecution.  The framers of the Plan of Stabilization clearly understood that a massive entry of...

It is interesting to note that the Plan of Stabilization that jump started the rise of the Spanish economy from the “sick man of Europe” to the Iberian tiger actively targeted  a major inflow of foreign capital into Spain by facilitating foreign investments in the country and by granting amnesty to all Spaniards who had illegally accumulated wealth abroad and who were willing to repatriate such wealth; capital held abroad by Spaniards could be brought back to Spain without fear of government prosecution.  The framers of the Plan of Stabilization clearly understood that a massive entry of...

Part 2 Our bad experiences with authoritarian leaders should not lead to the extreme of believing that the best government is the least government. As we saw in the last article, the famous German sociologist, Max Weber,provided the most famous and widely accepted definition

Part 1 A few months after martial law was declared in 1972, a team of economists was asked by some media people to produce a show entitled “1980 Take Me There.” They wanted us at what at that time was the fledgling think tank called the Center for Research and Communication, barely five years in