Even though Paul Krugman has told us that horror stories about government-run healthcare in Britain “are false,” we keep getting reports about substandard care and needless deaths (see here, here, here, here, here, here, here, here, and here). Well, let’s add another…
There’s a rather simple solution to Europe’s fiscal crisis, but politicians will never do the right thing unless every other option is exhausted. That’s why American taxpayers should not be involved in any sort of European bailout, either directly or indirectly. This…
I periodically write posts about “Great Moments” in government. These usually feature some absurd example of stupidity and incompetence that only is possible when the world’s least competent people have power to coerce. Examples include: EU rules banning the selling…
In hopes of stopping investor panic about Europe’s fiscal crisis, the world’s major central banks just announced that they will do whatever is needed to ensure financial markets don’t freeze up. This could be an appropriate and relatively benign use of the…
As demonstrated by the new video from the Center for Freedom and Prosperity, there are five key lessons to learn from the fiscal crisis in Europe. Unfortunately, Europe’s despicable political class has not learned from their mistakes. They are not taking the simple…
I’ve written about the fiscal implosion in Europe and warned that America faces the same fate if we don’t reform poorly designed entitlement programs such as Medicare and Medicaid. But this new video from the Center for Freedom and Prosperity, narrated by an Italian…
The Europeans have just agreed to another bailout for Greece. That’s the bad news. The good news is…well, there is no good news. Sarkozy, Merkel, and the other statists have once again failed to do the right thing and instead have decided to throw good money after bad…
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 of the Atlantic Ocean. I lauded the Obama Administration two years ago when the Treasury…
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. I now completely retract that statement. There may be some economically astute people who write…
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 lead to Rome, and this flowchart shows all roads lead to a banking crisis (see this post to…