by Dan Mitchell | May 21, 2010 | Bailouts, Big Government, Blogs, Uncategorized
Making himself and the Greek government even more of a global laughingstock, Greece’s President says he wants an investigation into the role of so-called speculators. Yes, I’m being serious. According to Bloomberg, he wants to blame investors who wisely...
by Dan Mitchell | May 16, 2010 | Blogs, Europe
I’m semi-impressed with the Europeans for choosing the hog-wild approach to bailouts. Not because it is good policy, but rather because it will be a useful demonstration of the old rule that bad policy begets more bad policy (which begets God knows what, but it...
by Dan Mitchell | May 13, 2010 | Bailouts, Blogs, Uncategorized, VAT
Only in the artificial bubble of Washington do you find people who are willing to make preposterous statements such as those contained in this David Ignatius column. He writes that we should adopt a value-added tax to avoid a Greek-style fiscal crisis, appararently...
by Dan Mitchell | May 12, 2010 | Bailouts, Big Government, Blogs, Uncategorized
It is now fully apparent that General Motors did not pay back any money to taxpayers, and certainly did not pay back the full amount, as stated in the reprehensibly dishonest ads produced by the company. The Obama Administration took part in the lie, which exposes an...
by Dan Mitchell | May 8, 2010 | Bailouts, Big Government, Blogs, Uncategorized
As expected, the European Union and International Monetary Fund have chosen to subsidize the profligacy of Greek politicians. A deal has just been announced. As the Washington Post reports: Greece on Sunday announced a long-awaited deal with the European Union and...
