There are things even Greeks don’t deserve
Daily Analysis
New Video Shows Bailouts Are a Recipe for Moral Hazard and Cronyism
Puncturing another false leftists narrative.
What Greece Needs (but Don’t Hold Your Breath, in Part Because of Bad Advice from the Obama Administration)
Greece has a path back to prosperity. They won’t find it in bigger government, though.
The Outcome of the Fiscal Fight in Greece and Implications for Spain, Italy, Ireland, Portugal, France, Belgium, Etc
The EU should stop throwing good money after bad.
Corporate Welfare: Can Republicans Kick the Habit?
I periodically try to explain that there’s a big difference between being pro-market and pro-business. Simply stated, policy makers shouldn’t try to penalize businesses with taxes,mandates, and regulations. But neither should politicians seek to subsidize…
Thanks to Lobbying, Banks Obtain Unearned Wealth and Increase Systemic Risk
I periodically comment about government corruption, often in the context of trying to make the general point that shrinking the size and scope of the public sector is the most effective way of reducing sleaze in Washington. Now let’s get specific. I’ve already…
Obamacare, Cronyism, and Bailouts for Corrupt Health Insurance Companies
I thought TARP was the sleaziest-ever example of cronyism and corruption in Washington. The Wall Street bailout rewarded politically well-connected companies, encouraged moral hazard, and ripped off taxpayers. Heck, it was so bad that it makes the sleaze at the…
Detroit Still Not Serious About Getting Its House in Order
Detroit’s bankruptcy was created by decades of fiscal irresponsibility. Politicians ruined the economy with high taxes to finance their lavish spending and depleted the tax base. Given this track record, you would think the city would take a more responsible…
Great News for American Taxpayers: The IMF Loses (at Least Temporarily) a Bid to Fatten its Bailout Checkbook
When you support limited government and individual freedom, you don’t enjoy many victories. Particularly if you’re relying on the U.S. Senate. But it occasionally happens. The Senate held firm and stopped Obama from getting a fiscal cliff tax hikeat the end of 2010….
Stop the Presses, Europe’s Doing the Right Thing on Failed Banks!
The European Union has basically made the right decision on how to deal with insolvent banks. Here are some details from the EU Observer. Bank shareholders and creditors will be first in line to suffer losses if their bank gets into difficulties, according to draft…