by Dan Mitchell | Mar 22, 2026 | Bailouts, Blogs
Before the 2023 presidential election in Argentina, 108 left-leaning economists released a letter warning that Javier Milei’s “economic proposals…are fraught with risks that make them potentially very harmful for the Argentine economy.” Voters...
by Dan Mitchell | Dec 9, 2024 | Big Government, Blogs, Government Spending
Fifteen years ago, I explained that the bailout of Greece (by the IMF-EC-ECB “troika“) was a mistake because the net effect was a much bigger tax burden and no reduction in the spending burden. And I did the same thing five years ago and found the same...
by Dan Mitchell | Jan 1, 2023 | Blogs, Education
It’s not easy being a libertarian, especially when your job is to protect economic liberty. Politicians have a natural incentive to increase the size, scope, and power of government. In almost all cases, our freedoms are best protected when politicians...
by Dan Mitchell | Dec 10, 2022 | Big Government, Blogs
Back during the TARP bailout of Wall Street, a clever person created a satirical bailout application form. It was amusing, of course, but also made a serious point about “moral hazard,” which is what happens when government policy rewards bad behavior. I’m...
by Dan Mitchell | Oct 25, 2022 | Big Government, Blogs, Europe, Government Spending
I wrote yesterday to speculate about a possible fiscal crisis in Italy. Today, here are my thoughts on why there should not be a bailout if/when a crisis occurs. I have moral objections to bailouts, but let’s focus in this column on the practical impact. And let’s...
