By Juan Carlos Hidalgo
The most important development this week in Latin America is the decision of the Argentine government to seize control of Yacimientos Petrolíferos Fiscales (YPF), the country’s largest oil company. On Monday, President Cristina Fernández de Kirchner announced the expropriation of the controlling stake of YPF that is owned by the Spanish company Repsol. The Spanish [...]
Argentina’s Point of No Return is a post from Cato @ Liberty – Cato Institute Blog
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By Patrick J. Michaels
In its proposed rulemaking on emissions from coal-fired power plants, the Environmental Protection Agency has fulfilled President Obama’s campaign statement that his administration would “essentially bankrupt” anyone who had the audacity to hope to build a new generation facility. By essentially prohibiting the production of new plants, the administration is again picking winners and losers [...]
EPA and the ‘Necessary Bankrupting’ of Coal is a post from Cato @ Liberty – Cato Institute Blog
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By David Boaz
In the New Yorker, Nicholas Lemann frets over Ron Paul’s “hostility to government” in an article titled “Enemy of the State.” I wonder if Lemann, who is both a long-time writer at a great magazine and the dean of a great school of journalism, would think “Enemy of the State” was red-baiting or otherwise inappropriate [...]
The New Yorker Misunderstands Ron Paul (Again) is a post from Cato @ Liberty – Cato Institute Blog
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By Julian Sanchez
I’ve yet to encounter a technically clueful person who believes the Stop Online Piracy Act will actually do anything to meaningfully reduce—let alone “stop”—online piracy, and so I haven’t bothered writing much about the absurd numbers the bill’s supporters routinely bandy about in hopes of persuading lawmakers that SOPA will be an economic boon and [...]
How Copyright Industries Con Congress is a post from Cato @ Liberty – Cato Institute Blog
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By Michael F. Cannon
Income inequality is not so much a problem as income opacity. In the latest issue of Regulation magazine, editor Peter Van Doren reviews two recent studies that find income inequality is not increasing: While it is true that the cash explicitly paid to employees has become more unequal over the last generation, the implication that labor markets are not [...]
Is Income Inequality Increasing? Only If You Don’t Count Health Benefits is a post from Cato @ Liberty – Cato Institute Blog
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