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Tag Archives: Bailouts

Europe and Greece: Every Option Is on the Table…Except Doing the Right Thing

Europe and Greece: Every Option Is on the Table…Except Doing the Right Thing

eronique de Rugy of the Mercatus Center has a very good – but somewhat depressing – analysis of the fiscal crisis in Greece. She basically concludes that bailouts will continue… Read more »

Is Portugal an “Adult Baby” Nation?

Is Portugal an “Adult Baby” Nation?

Yesterday, I took aim at a truly pathetic human being who lives as an “adult baby.” But what got me upset was not his lifestyle, but rather the fact that… Read more »

Punish the French Rapist, but the Real Target Should Be the IMF

Punish the French Rapist, but the Real Target Should Be the IMF

I certainly take second place to nobody in my utter contempt for Dominique Strauss-Kahn, the head of the International Monetary Fund. Who knew that forcing yourself (allegedly) on women could… Read more »

Beware of Greeks Accepting Gifts

Beware of Greeks Accepting Gifts

On rare occasions, I dream about being a politician or high-level international bureaucrat. Not because I want to be a moocher (please put me out of my misery if that… Read more »

Opulent Conditions for International Bureaucrats While Taxpayers Struggle

Opulent Conditions for International Bureaucrats While Taxpayers Struggle

The International Monetary Fund is a great place to work – at least for those who don’t feel guilty about getting extravagant salaries from taxpayers. And what do IMF bureaucrats… Read more »

Five Things We Should Worry about in 2011

Five Things We Should Worry about in 2011

The mid-term elections were a rejection of President Obama’s big-government agenda, but those results don’t necessarily mean better policy. We should not forget, after all, that Democrats rammed through Obamacare even after losing the special election to replace Ted Kennedy in Massachusetts.

Similarly, GOP control of the House of Representatives does not automatically mean less government and more freedom. Here are five possible bad policies for 2011, most of which the Obama White House can implement by using executive power.

If the GM Bailout Is Obama’s Definition of Success, No Wonder America’s Heading to Bankruptcy

If the GM Bailout Is Obama’s Definition of Success, No Wonder America’s Heading to Bankruptcy

The President wants us to believe that the recent IPO for General Motors was a smashing success. And it was…if you believe that it’s a good idea to lose money… Read more »

Don’t Blame Ireland’s Mess on Low Corporate Tax Rates

Don’t Blame Ireland’s Mess on Low Corporate Tax Rates

Ireland is in deep fiscal trouble and the Germans and the French apparently want the politicians in Dublin to increase the nation’s 12.5 percent corporate tax rate as the price for being bailed out. This is almost certainly the cause of considerable smugness and joy in Europe’s high-tax nations, many of which have been very resentful of Ireland for enjoying so much prosperity in recent decades in part because of a low corporate tax burden.

But is there any reason to think Ireland’s competitive corporate tax regime is responsible for the nation’s economic crisis? The answer, not surprisingly, is no.

The Second-Nicest Thing Ever Written about Me

The Second-Nicest Thing Ever Written about Me

In the “Five Things About Me” section of my blog, I included this blurb: A left-wing newspaper in the U.K. wrote that I’m “a high priest of light tax, small… Read more »

Illinois May Beat California to Bankruptcy

Illinois May Beat California to Bankruptcy

The New York Times has a story about the budget debacle in Illinois, which is a classic case of a state with too much government and too many overpaid bureaucrats…. Read more »