Romulo Lopez Cordero


Comments on Economics, Technology and Current affairs, because Freedom matters.

Manuel Ayau, the freedom fighter, the hero, the grandfather

Romulo and Muso

I am deeply saddened to
learn about Muso's passing away on August 3.  I met Muso, a friend of my father,
some 19 years ago in 1991. I had heard some interesting stories about him from
my parents when they visited Guatemala in 1985. Over the years my dad kept in
touch with him through meetings and while I was too young to understand why he
was so important I started to read a lot more about free market ideas, and to
learn about the freedom movement through stories that were written for young
kids. I especially remember reading as a preteen Muso's cartoon book
" Cómo mejorar el nivel de vida"  (How to improve your
living standard).  The book may be long forgotten but it had a deep impact
on me because it lead me to start reading more and more why people are poor and
how economics and free markets play a role into an individual’s welfare.
 He was one of the first to plant the seeds in my head for a career of
promoting liberty.

As I grew up I learned
more about the Francisco Marroquin University (UFM) which Muso founded, and
that inspired me to want to go there to study under the author of that little
cartoon book that had made me forget my dreams of studying engineering, which
came natural to me.  What I wanted was to learn about economics from Muso
on that beautiful campus that I read about through publications and brochures
that my father received from one of his earlier ventures the think tank Center for
Economic and Social Studies (CEES).

Finally, my wishes came
true in January of 1991 despite my friends concern that I was going to Guatemala
to study how to be a communist guerrilla fighter. I arrived in Guatemala City
from Ecuador in the midst of the civil war, violent crime and kidnappings.
 Little did my friends know that I was going there because I was totally
convinced that the best fight against enemies of freedom was through education
in free market principles. Some of my friends were concerned that I was going
there out of idealistic pursuit of ideas, and not because it was the best
university available. I had to admit that I myself was not sure if the
University was an indoctrination camp and not a real university. These worries
were quickly dissipated once I stepped foot on campus. Its reputation as a
stellar institution of higher learning is rivaled by few.  

When I first met Muso I
was pleasantly surprised at how warm he and his family were. I was invited
to spend many weekends at their Amatitlán home. Muso was an engineer by trade,
although he knew as much about economics despite not studying it
formally.  He also shared with me (I learned over the years) a fascination
for electronic gadgets and a kind of natural ability to learn how to use them
quickly.  Of all his towering achievements this little fact might seem
unimportant, but to me it revealed an attitude of defying usual
expectations and doing things that other people thought impossible.  This trait
was apparent when he founded one of the oldest think tanks in Latin America, a
university in the middle of one of the longest and most devastating civil wars
in the Americas, and a lifetime of entrepreneurial and academic
success.  The icing was when he learned to fly helicopters at nearly 80
years old. Unbelievable…except to those who knew him personally.  

 For those of us
who were lucky enough to meet the man, Muso had a serious and talented mind. He
was youthful not only in spirit, but physically too.  I still remember the
first time I met him.  He took us on a tour around the Amatitlán Lake
where his family lived.  At that time he was wearing a special belt around
his waist because he was suffering from lower back pain. Upon returning to his
house he told me to try to tie up the boat at the pier.  I have never been
particularly athletic and despite my youth I was afraid of falling into the
water. Seeing that I was not able to do it, he told me, "let me show
you."  He jumped from the boat to the pier like a teenager, and proceeded
to pull the boat and tie it up to the pier.  Needless to say I still feel
embarrassed at the fact that a sexagenarian was able to teach me that lesson.
Over the years, until the last time I saw him in at a Liberty fund Colloquium
held in Guatemala in November of 2008, he looked pretty much the same – not
much different from those pictures 19 years ago.  Always with that funny
grin like a kid about to do something naughty, very clever despite of starting
to suffer the effects of the chemotherapy for his cancer, and despite
being sometimes forgetful last time I saw him, always very witty and

Throughout my five
years in Guatemala I went to Muso's home on weekends and he and Olga always
complained to me and my father that I was not a more frequent visitor. It was a
home away from home. It was such a warm and welcoming
environment for a young man away from his home country. For that I am forever
grateful.  A lot of times I
felt a little shy as if I was abusing their generosity.  I felt a certain
reverential fear when in Muso's presence.  He was always very open and
talking with him challenged me to be extremely focused all the time because I
was speaking to a towering figure.  

Over the years I matured
and began to feel more comfortable, but sadly I was not living any more in
Guatemala and I longed every time I learned that he was attending one
of Atlas's events to have some time and sit with him and talk.  Even
better if Muso's wife Olga was with him.  With them I always felt as
though I was visiting my grandparents, a certain joy like seeing family.
 I use to feel a little jealous of my brothers and sister who were able to
regularly visit the Ayau family gatherings.  Even worst jealous of others,
because when seeing him I was not able to talk in that familial environment
that I had with him early on.  Muso had
become like a rock star and many people wanted his attention.  The legend
was reaching the pinnacle of his life and everybody wanted a piece of him.
 Despite all that I knew that whenever he saw me he would come and ask me
how things were, about my family and how important it was for me to lose weight
(I was so much thinner when I met him in Guatemala!) I thank him because he was
never judgmental in doing so but he was seriously concerned
about me.

I reflect on this today
as I am writing these random recollections because upon learning of
his death I could not at first put together in words what I felt towards the
hero of my childhood, the hero that put me on the path of advocacy with a
cartoon book, the friend that opened the doors of his home and family to me and
my family and was always concerned about my future like a grandfather. I can
thank him for the fact that I studied at Francisco Marroquín, a university
where you go to learn about freedom, but also and institution that
strives for excellence in education and that focuses on the
search for truth and independence.

I owe to him the fact
that I do what I do at Atlas where I am committed to the cause of liberty.
Lots of people I’m sure will be able to better put in words his lifetime
of achievements, but I wanted to pay tribute to the man, the hero, the
grandfather that he was to me.  I know that I am not alone, Muso and the
Ayau family were very generous to all people that came through their lives and
many will have similar recollections. He might be gone but the spirit and
legacy left to those of us that try to engage in teaching and promoting liberty
will be with us forever.

Filed under: Latin America, Libertarian Ideas, Personal,

Very tired after a long weekend, but still with some energy to surf the web.

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Que Dios tenga en la Gloria a la Tia Fabiola.

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The People’s Stimulus: Get Your Money Back

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La salida de la dolarizacion

Hace casi año y medio publiqué esto y de nuevo Correa comienza a hablar del bimonetarismo. Como analicé aquella vez en abril del 2007, esta medida es el Caballo de Troya para abandonar la dolarización. Ir al enlace para leer.

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La salida de la dolarizacion

Hace casi año y medio publiqué esto y de nuevo Correa comienza a hablar del bimonetarismo. Como analicé aquella vez en abril del 2007, esta medida es el Caballo de Troya para abandonar la dolarización. Ir al enlace para leer.

Filed under: Uncategorized

We’re the Government — and You’re Not

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When Ecuador Elected a Free Market President

Atlas’s president, Alex Chafuen, has a
story about when he first met my father, Romulo Lopez-Sabando,  in
1985. Alex asked him what the biggest challenge for free markets in
Ecuador was. My dad replied, “Winning the country’s presidency”.

My father was president of the Chamber of Industries of Guayaquil,
where he fought alongside Leon Febres- Cordero,( former president of
the Chamber and a Congressman) for free market reforms. Their efforts
were so successful that in 1984, Febres-Cordero won the presidency. Not
only did he win, he won while preaching a free market message. The left
called him “the most insolent oligarchy’s messenger ” for being so
straightforward in his arguments for free markets.

Ecuador talked about free market reforms in Latin America  before
Argentina, Peru, Brazil or Venezuela; on a continent where the only
other free market option was Chile under Pinochet’s dictatorship. As is
always the way, Ecuadoreans have been the first ones to talk about
many reforms, like dollarization and privatization, but the last ones
to actually implement these reforms. No free market reforms or
privatizations were ever accomplished (except for a bank
privatization) under Febres-Cordero’s government. Their only success
was fighting against the guerrillas, and literally wiping them out. His
government became the favorite whipping boy of the Ecuadorean left.

Later on, as mayor of his hometown Guayaquil, he recovered his
political image by transforming the city from an ” American Calcutta”
(no offense to Calcutta)  into a decent and livable place. I had the
chance to ask Febres-Cordero (thanks to my dad’s friendship with him)
why he never implemented any free market reforms during his presidency,
given his admiration for Ludwig Earhart’s reforms in Germany. His only
response was that the special interest groups made reforms impossible.

You can view Leon Febres-Cordero’s obituary in the Washington Post.
I might add, that due to his failure to implement the reforms he  so
ardently called for, it has been difficult to promote free markets in
Ecuador. He was a great leader for Ecuador, but his great opportunity
to implement lasting reform was squandered. His is a classic example of
Hayek’s warning to Atlas’s founder, Antony Fisher against getting
involved with politics in order to advance reforms.

It was not until recently, thanks to the steady work of Dora Ampuero (Instituto Ecuatoriano de Economia Politica established in 1991) and others (too many to name here) like my father, university students, Movimiento Libertario in Quito (Juan Fernando Carpio) and most recently Fundacion Ecuador Libre (winner of a 2008 Fisher Venture Grant),
that the bad reputation left by Febres-Cordero has slowly been cleared
away.  Little by litte the people of Ecuador are coming to appreciate
the need for free market reforms, especially after the
Pro-Chavez-Castro regime of Rafael Correa.

Originally posted here

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The Benefits of inmigration

The National Center for Policy Analysis (NCPA) features an interesting article appeared some time ago on theWSJ on the net benefits of inmigration. 

Filed under: Hispanics

La tragicomedia de la deuda.

Ver mi ultimo comentario sobre el análisis de la deuda de Gustavo Coronel.

See my last comment (spanish) about the analysis by Gustavo Coronel regarding Ecuador's debt repudial.

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