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Tag Archives: Europe

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 »

Germany’s Dark Vision for Europe

Germany’s Dark Vision for Europe

Like Sweden and Denmark, Germany is a semi-rational welfare state. It generally relies on a market-oriented approach in areas other than fiscal policy, and it avoided the Keynesian excesses that… Read more »

Is America in Worse Fiscal Shape than Greece, France, and Italy?

Is America in Worse Fiscal Shape than Greece, France, and Italy?

Back in 2010, I posted a fascinating map from the Economist website, showing debt burdens (as a share of GDP) for nations around the world. This data showed lots of… Read more »

It’s Not April Fool’s Day, but New York Times Columnist Wants America to Become More Prosperous by Raising Taxes on the Middle Class and Becoming More Like Italy

It’s Not April Fool’s Day, but New York Times Columnist Wants America to Become More Prosperous by Raising Taxes on the Middle Class and Becoming More Like Italy

Every so often, you read something so ridiculously stupid and absurd that you assume that you’re being pranked. So you look to the date of the article to see if… Read more »

Another European Triumph for Human Rights

Another European Triumph for Human Rights

Centuries from now, I’m sure historians won’t bother teaching about the Magna Carta, the Constitution, the end of slavery, or the collapse of communism. Instead, people who want to know… Read more »