In Costa Rica, and in most Latin American countries (Brazil, Argentina, Mexico, Colombia, etc.) the aguinaldo—a legally-mandated Christmas bonus—is an acquired labor right and is meant to provide workers with additional financial security. Unlike discretionary year-end bonuses in the United States, this one is an obligatory payment enforced by Costa Rican labor law.Employers are required to pay an amount equivalent to one month’s salary at the end of each year, effectively making it a “thirteenth” month. For this reason—at the end of October—the bells start ringing, announcing the arrival of the much-acclaimed “extra salary,” which will be paid in December.For the sake of precision, there’s no need to look far. The definition is found in our own legislation. For example, in the

This article is a brief analysis of the US economic situation from the point of view of the Austrian School of Economics. It is strictly macroeconomic: a deductive hypothesis of what is happening in the aggregates.
Let us place ourselves in the months immediately after the arrival of covid-19, the first quarter of 2020. As an economic policy measure, the US government decided to increase the money supply. Through different mechanisms, they put an unprecedented amount of money into the economy. This caused three important effects.
First, as the supply rises, ceteris paribus, the price falls. In the money market, price is the purchasing power of money (i.e., the number of basic baskets that one monetary unit allows one to buy). As the money supply rises, people get rid of the excess by