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 income (and managed to get away with punishment that wouldn’t even qualify as a slap on…
Daily Analysis
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 called the European Financial Stability Facility, which does bailouts across the continent….
Should the Greeks Be Able to “Loot and Mooch Their Way Through Life”?
In a recent post, I explained some of the reasons why Greece should not get another bailout. I cover some of the same points in this Bloomberg interview, but my favorite part is when I state that it’s time for the Greek people to realize “they can’t loot and mooch…
Should American Taxpayers Finance another Big Fat Greek Bailout?
The notion that American taxpayers are about to subsidize another Greek bailout (via the Keystone Cops at the IMF) is way beyond economically foolish. It is also morally offensive. To turn Winston Churchill’s famous quote upside down: “Never have so many paid so much…
Ben Bernanke: Political Hack for Big Government
Ben Bernanke is definitely trying hard to overtake Arthur Burns and G. William Miller (those wonderful guys who helped give us the 1970s) as the worst Fed Chairman of the modern era. But unlike Burns and Miller, who “earned” their poor reputations with bad monetary…
Why Is a Car Company CEO Urging a Gas Tax Hike?!?
I’ve finally set up a youtube page for my TV interviews. Here’s my discussion with Judge Napolitano about crony capitalism, General Motors, and the bizarre case of a car company CEO endorsing an increase in the gas tax. The most important point of the interview, at…
Obama Wants American Taxpayers to Bail Out Greek Politicians and Dig the Debt Hole even Deeper
Here’s some completely depressing news. CNBC is reporting that President Obama is putting American taxpayers on the chopping block to bail out Greece’s corrupt politicians. But, to show he doesn’t discriminate, he also encouraged the German Chancellor to rape her…
The “I-Told-You-So” Blog Post about the Completely Predictable Failure of the Greek Bailout
Way back in February of 2010, I wrote that a Greek bailout would be a failure. Not surprisingly, the parasites at the International Monetary Fund and the political elite from other European nations ignored my advice and gave tens of billions of dollars to Greece’s…
The DNC’s Utterly Dishonest “Let Detroit Go Bankrupt” Video
Here’s a video just released by those wonderful folks at the Democratic National Committee. It claims that the bad Republicans were wrong about the auto bailout because the companies are still in business and have paid back the money they confiscated from taxpayers….
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 because nobody in Europe is willing to do the right thing. This got me thinking about what…