Americans are richer than Europeans, no matter how the data is sliced. And the U.S. advantage almost surely is the result of having more economic freedom and smaller government.
Daily Analysis
Applause for Globalization, Not Global Governance
Governments should be competing against each other, not conspiring with each other.
The Threat – and Soon Reality – of Climate Protectionism
This windfall for lobbyists will advance cronyism.
Eastern Europe and Economic Reform
The demographic outlook in Eastern Europe is terrible.
European Fiscal Policy Week, Part VI: The Swiss Spending-Cap Solution
An optimistic note.
European Fiscal Policy Week, Part V: The European Union, Centralization, and Redistribution
Reasons for being a pessimist about the European Union.
European Fiscal Policy Week, Part IV: Bad U.K. Monetary Policy Leads to Bad U.K. Fiscal Policy
All the bad monetary policy led to bad results.
European Fiscal Policy Week, Part III: A Continent-Wide Spending Problem
What’s the best response to this slow-motion fiscal disaster?
European Fiscal Policy Week, Part II: The Right Response to Italy’s Fiscal Crisis
There should be consequences for imprudent choices.
European Fiscal Policy Week, Part I: Italy’s Looming Fiscal Crisis
Is a crisis all but inevitable