Greece is in trouble for a combination of reasons. Government spending is far too excessive, diverting resources from more efficient uses. The bureaucracy is too large and paid too much, resulting in a misallocation of labor. And tax rates are too high, further…
Daily Analysis
Great Moments in Foreign Government.
Or maybe this belongs in the “great moments in international bureaucracy” series since it relates to European Union law. Regardless, we have another sign of Europe’s fiscal nightmare. A court in the United Kingdom has given a big green light to…
Great Moments in International Bureaucracy.
Greece’s fiscal disarray is a visible manifestation of Europe’s future, but the most appropriate symbol of what’s wrong with the continent comes from Brussels, where there are three “presidents” fighting over the right to represent Europe…
Orwellian Nightmare or Nanny State Run Amok?
I’m not sure how to categorize this story from England. Local governments are surreptitiously adding microchips to garbage cans to weigh the amount of rubbish each household is unloading. It is generally thought that this is the beginning stage of a government…
Good News for American Taxpayers (in the short run), Bad News for European Taxpayers.
According to Financial Times report the politicians in Paris and Berlin want to set up some sort of European Monetary Fund to help bail out Greece and other profligate European nations. This is good news in the short run for American taxpayers since it is less likely…
Mega-Landslide Vote in Iceland Against Bailouts
An incredible 93 percent of voters in Iceland voted against financing British and Dutch bank bailouts. The politicians in England and the Netherlands argued that they were bailing out local subsidiaries of an Icelandic bank, so Iceland’s taxpayers should pick up…