Housing has become one of the most politically charged economic issues in Spain. Rising rents, the difficulty of finding available apartments, and the increasingly delayed transition of many young people into independent living generate understandable frustration. When access to an essential good becomes difficult, the temptation quickly arises to identify a visible culprit: landlords, property platforms, investment funds, speculators, or simply “the market.”
Continue readingPublic Choice
Extremism, Interventionism, and Political Polarization
One of the least productive habits in contemporary politics is the assumption that criticizing one political party automatically means supporting its principal opponent. In Spain, criticism of the PSOE is frequently interpreted as evidence that one must therefore support the Partido Popular or Vox. The same binary reasoning increasingly appears elsewhere: if one criticizes the progressive left, one must be “far right”; if one criticizes Donald Trump, one must belong to the left.
Continue readingThe Hidden Costs of Europe’s Energy Transition: Cheap Generation Is Not the Same as Cheap Electricity
Europe’s energy transition is usually described through a relatively simple set of numbers: how many solar panels have been installed, how much wind capacity has been added, how quickly emissions are falling, and how much fossil-fuel consumption has been displaced. These indicators matter. But they do not tell us whether the transition is economically well designed.
Continue readingMy American Dream: Why the United States Still Matters to Me 250 Years After Independence
Today, July 4, 2026, the United States of America celebrates 250 years since the adoption of the Declaration of Independence. For me, this anniversary is more than an important date in American history. It is also deeply personal.
Continue readingHow Long Should It Take to Start a Business? Economic Freedom, Bureaucracy, and the Jobs Spain Never Sees
How long should a citizen have to wait before being allowed to create a firm? The question sounds administrative, but it is fundamentally economic and political. A new firm is not merely a registration in a government database. It can become a workplace, a source of income for a family, a competitor that forces established firms to improve, or the first opportunity for someone who has been unemployed to enter the labor market. When the state makes entry unnecessarily slow, expensive, or uncertain, the cost is therefore borne not only by the entrepreneur standing at the administrative counter. It is also borne by people whose jobs, wages, products, and opportunities may never come into existence.
Continue readingWho Really Pays the Corporate Tax? Investment, Jobs, and the Politics of Taxing Firms
A corporate tax is legally paid by a corporation, but a corporation is not a person standing apart from society with an independent capacity to bear economic pain. A firm is a network of workers, owners, consumers, suppliers, and investments. When government taxes corporate profits, the legal liability may appear on the company’s tax return, but the economic burden can be distributed through lower returns to owners, weaker investment, lower wages, fewer jobs, or higher prices. This is why corporate taxation is not a technical argument about whether one sympathizes with “business.” It is a question about capital formation and, ultimately, about the opportunities available to ordinary people.
Continue readingWhy Milei Won Argentina’s 2025 Legislative Election
Argentina’s legislative election of 26 October 2025 was not merely a midterm. It was a referendum on whether the country would continue along Javier Milei’s path of fiscal stabilization, deregulation, and market reform, or drift back toward the Peronist cycle of inflation, controls, subsidies, and policy reversals. The electorate chose continuity. Milei’s La Libertad Avanza (LLA) won about 40.8% of the national vote, became the fastest-growing force in Congress, and secured the one-third threshold in the lower house needed to help sustain presidential vetoes and strengthen his bargaining position for the second half of his term.
That result was not an accident, nor can it be reduced to charisma or media theater. It reflected a harder political fact: by late 2025, enough Argentines concluded that Milei’s policies, however painful, were producing visible macroeconomic improvement, while the opposition still represented the memory of chronic inflation, fiscal disorder, and repeated policy whiplash. Some analysts tied Milei’s stronger-than-expected result to fear of renewed turmoil if austerity and reform were abandoned; polling analysts likewise said many voters were willing to give the government more time precisely because they did not want to relive earlier crises.
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