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Noboa Grapples With Another High-Profile Prison Break in Ecuador

Noboa Grapples With Another High-Profile Prison Break in Ecuador

Bloomberg4 hours ago

Ecuador's government offered a $1 million reward on Monday for information leading to the recapture of suspected drug lord Rolando Federico Gomez after he escaped from a Guayaquil penitentiary disguised in a military uniform to pass checkpoints unhindered.
President Daniel Noboa designated the man colloquially known as Fede a military target after his breakout Friday. His escape 'wasn't negligence, it was complicity,' the president said Saturday in a post on X, adding that toughened recent legislation will be applied to the fugitive. The Prosecutor General's Office detained 19 soldiers, two prison guards and an inmate amid its initial investigation.

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Dust Off Your Econ 101 Notes
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Dust Off Your Econ 101 Notes

Regarding 'Javier Milei's Gift for Pope Leo' (Inside View, June 16): Andy Kessler's brilliant explication of the value of free markets neglects to explore the most important outcome of them, individual freedom. Unrestrained by central planning, citizens can exercise their choice as to what they like and what they are willing to pay for it. The essence of price discovery is when the aggregation of these decisions is reflected in the marketplace. The first lesson in almost every introductory microeconomics course is 'Consumer Choice,' how an individual will decide how much of his resources he'll devote to what good based on his preferences. Central planning corrupts that, restricting individual freedom and creating scarcity of goods and distortion of prices. It likewise breeds a climate for corruption, favoritism, fraud and waste. Perhaps the meddling grandees with Ph.D.s should review their Econ 101 notes.

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