By Andrea Rondón García *
The mechanism of direct expropriation may be defined as an indemnification through a fair payment in the light of an act that ultimately affects private property (specifically the transfer of ownership title) due to reasons established by the lawmaker. However, this is not the only way of affecting ownership rights. Often arbitrary and unjustified measures affect these rights, even though no transfer of ownership title does occur.
Irish Plain Packaging's Biggest Beneficiary Will Be IRA Smugglers
Friday, March 6, 2015 5:37 pm | By Alexander Hendrie
Earlier this week, Ireland passed long threatened plain packaging legislation to ban branding on tobacco products, becoming the first European country to do so. Unfortunately the policy, which has been implemented in the name of improving “public health” will do no such thing. Already, Australia’s failed plain packaging policy has already proven that the policy increases smoking and does not affect public health. But far more concerning, the policy provides a new source of revenue for criminal organizations.
Venezuela’s Monetary Policy is Hurting the Poor
Wednesday, February 11, 2015 12:02 pm | By Gerardo Núñez
When societies experience inflation in their economy, the main victims are citizens, from poorest to wealthiest. Economic policy that leads to inflation must stop. Even though well-known economists such as John Maynard Keynes and Paul Krugman argue that there are many benefits to public spending policies such as wealth, the experience of countries like Nigeria and Venezuela show very different results.