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Tag Archives: Europe

Helping to Explain Greece’s Collapse in a Single Picture

Helping to Explain Greece’s Collapse in a Single Picture

Politicians in Europe have spent decades creating a fiscal crisis by violating Mitchell’s Golden Rule and letting the government grow faster than the private sector. As a result, government is… Read more »

Kudos to Obama Administration for Fighting Extraterritorial European Tax Scheme

Kudos to Obama Administration for Fighting Extraterritorial European Tax Scheme

I don’t often have reason to praise the White House. But the Administration occasionally winds up fighting on the right side when dealing with the statists on the other side… Read more »

The Vatican Should Try to Save Souls, not Ruin Economies

The Vatican Should Try to Save Souls, not Ruin Economies

A couple of months ago, after reading an excellent column in the semi-official newspaper of the Vatican, I joked that we should send Obama to Rome for an economics lesson…. Read more »

In One Chart, Everything You Ever Wanted to Know about the European Fiscal Crisis

In One Chart, Everything You Ever Wanted to Know about the European Fiscal Crisis

I would have structured this flowchart differently, for reasons I discuss in this post, but this is pretty good picture of why Europe is in trouble. They say all roads… Read more »

The Simple Solution to the European Fiscal Crisis

The Simple Solution to the European Fiscal Crisis

The welfare states of Europe are in deep trouble. Decades of over-taxing and over-spending have sapped economic vitality and produced high levels of debt. The high debt levels, by themselves,… Read more »

Will Richard Sulik Save Europe?

Will Richard Sulik Save Europe?

I’m routinely critical of politicians, even the “good” ones that say they want to limit government and promote freedom. But I think I’ve found a lawmaker who is worthy of… Read more »

The Danish Dr.-Jekyll-Mr.-Hyde Paradox and Wagner’s Law

The Danish Dr.-Jekyll-Mr.-Hyde Paradox and Wagner’s Law

What nation is a role model for economic reformers? I’ve certainly cited Hong Kong as an example, but I’ve also explained that we can learn lessons – at least on… Read more »

Tim Geithner: The Forrest Gump of World Finance

Tim Geithner: The Forrest Gump of World Finance

One almost feels sorry for Treasury Secretary Tim Geithner. He’s a punchline in his own country because he oversees the IRS even though he conveniently forgot to declare $80,000 of… Read more »

Hell No, American Taxpayers Should Not Bail out the IMF

Hell No, American Taxpayers Should Not Bail out the IMF

This is getting surreal. We now have layers of bailouts around the world. Different nations are doing their own bailouts. On top of that, the Europeans have set up something… Read more »

The Tea Party Goes Global: The Revolt of the Greek Tax Slaves

The Tea Party Goes Global: The Revolt of the Greek Tax Slaves

The fiscal turmoil in Greece is not about fiscal balance. It’s a fight between looters and moochers such as Olga Stefou, who think taxpayers should endlessly subsidize everything, and the… Read more »