For students of economics the situation in Puerto Rico is a goldmine. You could find any section of any syllabus at play as recently their bond ratings went to junk. Government debt is huge, deficits are shrinking, unemployment is up, crime is up, taxes is up, utilities are monopolized, firms are shutting down, people are migrating to find better opportunities and the schools in the country are falling apart.
It makes me wonder what Puerto Rico will look like in 10 years. Recently a new governor has taken over and the actions that Mr. Padilla have taken such as overhauling public pensions and raising taxes do seem to be correct moves, but the bleeding hasn't stopped yet.
