In our culture figures and ranking are quite central, and the economic freedom is not an exception. There are several indexes which try to ranking countries through models nurture by statistic often taken from the World Bank, the International Monetary Fund and the Economist Intelligence Unit. Two of these indexes are probably the best-known worldwide. In general, their…

Look at the pictures below. In one you'll see the line for a gas station: it's about two or so miles long, and as it gets closer to the station the line doubles. In the other picture, people wait at the station to fill plastic containers. The average waiting time is 3 to 4 hours…

Even after having been identified as one of the culprits of the 2007-2008 financial crisis, securitization is making a come back, with support of some central bank officials.  Why? Securitization refers to the pooling and repackaging of assets in securities with claims on the cash flows generated by the asset. The final product of such…

Everyone has a right to his or her own good name and reputation. This is true because all human beings possess innate dignity that goes beyond our personal histories of success and failure, and our ethical or unethical actions. But why is it so difficult to put this fundamental principle of social coexistence into practice,…