Karen LaFollette Araujo is a Research Fellow at the Independent Institute, former President of the Hemispheric Studies Institute, Research Fellow at the Institute for Political Economy, and Visiting Fellow of the Universidad Nacional Andres Bello, in Santiago, Chile. She received her B.A. in economics from the University of Connecticut and an M.A. in teaching from Johns Hopkins University, and she currently teaches Spanish and the foundations of a successful capitalist economy at Montgomery Blair High School, a diverse, high-achieving magnet school in Silver Spring, Maryland