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Tag Archives: Europe

Where Are the European Spending Cuts?

Where Are the European Spending Cuts?

Paul Krugman recently tried to declare victory for Keynesian economics over so-called austerity, but all he really accomplished was to show that tax-financed government spending is bad for prosperity. More… Read more »

Debunking Krugman’s European Austerity Narrative

Debunking Krugman’s European Austerity Narrative

Statists are in a tough position. For years, they’ve been saying the United States should be more like Europe. And, as shown in these very funny cartoons by Michael Ramirez… Read more »

Will Growing Dependency and Erosion of Social Capital Turn America into Europe?

Will Growing Dependency and Erosion of Social Capital Turn America into Europe?

One of my favorite political cartoons is this Michael Ramirez gem showing President Obama following the European lemmings over the cliff of statism. But this isn’t a laughing matter. As… Read more »

Has the European Fiscal Crisis Ended?

Has the European Fiscal Crisis Ended?

I’ve frequently commented on Europe’s fiscal mess and argued that excessive government spending is responsible for both the sovereign debt crisis and the economic stagnation that plagues the continent. But… Read more »

Class Warfare Tax Policy Causes Portugal to Crash on the Laffer Curve, but Will Obama Learn from this Mistake?

Class Warfare Tax Policy Causes Portugal to Crash on the Laffer Curve, but Will Obama Learn from this Mistake?

Back in mid-2010, I wrote that Portugal was going to exacerbate its fiscal problems by raising taxes. Needless to say, I was right. Not that this required any special insight…. Read more »

Portugal May Become the First of Europe’s Bankrupt Welfare States to Stumble upon a Genuine Recovery Formula: Less Spending AND Lower Tax Rates

Portugal May Become the First of Europe’s Bankrupt Welfare States to Stumble upon a Genuine Recovery Formula: Less Spending AND Lower Tax Rates

There aren’t many fiscal policy role models in Europe. Switzerland surely is at the top of the list. The burden of government spending is modest by European standards, in part… Read more »

Why Are Republicans Willing to Help Obama Make America More Like Europe When the Welfare State Is Collapsing?

Why Are Republicans Willing to Help Obama Make America More Like Europe When the Welfare State Is Collapsing?

Washington frustrates me. The entire town is based on legalized corruption as an unworthy elite figure out new ways of accumulating unearned wealth by skimming money from the nation’s producers…. Read more »

Is America in Worse Fiscal Shape than Europe?

Is America in Worse Fiscal Shape than Europe?

I’ve shared BIS and OECD data showing that the United States has a bigger long-run fiscal burden than Europe. That’s a bit of a strained comparison since “Europe” includes fiscally responsible… Read more »

Is Secession a Good Idea?

Is Secession a Good Idea?

I’m not talking about secession in the United States, where the issue is linked to the ugliness of slavery (though at least Walter Williams can write about the issue without… Read more »

Just as “Fair Trade” Means Protectionism for the Benefit of Special Interests, “Fair Tax Competition” Means Tax Harmonization for the Benefit of Politicians

Just as “Fair Trade” Means Protectionism for the Benefit of Special Interests, “Fair Tax Competition” Means Tax Harmonization for the Benefit of Politicians

Very few people are willing to admit that they favor protectionism. After all, who wants to embrace a policy associated with the Great Depression? But people sometimes say “I want… Read more »