How would an anarchocapitalist society deal with a potential pandemic that menaces the very existence of human race? This is an interesting question that surfaces from the recent mania that the porcine flu outbreak in Mexico and the US has caused. The WH…

The Chinese central bank announced it has nearly double its gold reserves since 2003. In the meantime, Venezuelans scramble to get US dollars from the parallel market. What are the implications of the Chinese move into gold and why should you care about it?

Both the IMF and Hugo Chávez favour bank naionalization. What else is new?

The Venezuelan government has indicated it plans to fund 85% of the 1 billion US$ in capital for the new ALBA bank. For everyday venezuelans this a no-win proposition from the economics point of view. Political considerations are more important to the Chávez administration.

The International Monetary Fund (IMF), is depicted by socialists as a friend and promoter of free markets. However, beyond its rhetoric, its actions and recommendations are far from free market friendly. This time they recommend Central American countries to hike tax collection in the middle of a recession.