What If the Secret of Progress Were Not Spending More, but Saving More to Invest Better?
Imagine an impoverished country, burdened by debt, with its young people emigrating due to lack of opportunities. I am not talking about present-day Guatemala, but about Ireland in the 1980s. Instead of continuing to spend what it did not have, Ireland changed course: it lowered taxes — including a record 12.5% corporate tax rate — […]
The Moral Imperative of Growth: Why Guatemala Does Not Have a Poverty Problem, but a Wealth Problem
The word imperative comes from the Latin imperativus, meaning “that which commands effectively,” that which must be done in order to achieve a just end. When that command is directed toward the good, we speak of a moral imperative, that is, of something that cannot be left undone if one wishes to live according to […]
One Hundred Reasons to Rebuild the Republic
It was July 1779, and Matías de Gálvez had been in Guatemala for only thirteen months. In that time, he had accomplished what no previous governor had achieved in six years: laying the first stone of the Cathedral, building the Royal Palace, installing public lighting, putting the Mint into operation, and transforming a maze of […]