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Tag Archives : Bailouts

Romney’s Big Gaffe Is TARP, not Etch-a-Sketch

Romney’s Big Gaffe Is TARP, not Etch-a-Sketch

Posted on March 23, 2012

Governor Romney’s campaign is catching some flak because a top aide implied that many of the candidate’s positions have been insincere and that Romney will erase those views (like an Etch-a-Sketch) and return to his statist roots as the general election begins. I’m surprised that anyone’s surprised.  Hasn’t anybody been paying attention to his comments […]

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Saying No to Additional IMF Bailout Money Should Be a Minimum Test for the GOP

Saying No to Additional IMF Bailout Money Should Be a Minimum Test for the GOP

Posted on March 7, 2012

In a grand Washington tradition, I periodically make imperious demands. In the past year or two, I’ve issued the following ultimatums to the GOP. o No tax increases, since more money for Washington will encourage a bigger burden of government and undermine prosperity. o Reform the biased number-crunching methodology at the Congressional Budget Office and […]

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Should the Fiscal Pyromaniacs at the IMF Get another $500 Billion so They Can Advocate Keynesian Spending and Class-Warfare Tax Hikes?

Should the Fiscal Pyromaniacs at the IMF Get another $500 Billion so They Can Advocate Keynesian Spending and Class-Warfare Tax Hikes?

Posted on January 25, 2012

Perhaps the title of this post is a bit unfair since the International Monetary Fund is good on some issues, such as reducing subsidies. And some of the economists at the IMF even produce good research. But I can’t help but get agitated that this behemoth global bureaucracy wants more money when it has a […]

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The Poisonous Combination of Wall Street and Washington

The Poisonous Combination of Wall Street and Washington

Posted on December 29, 2011

Kevin Williamson of National Review is always worth reading, whether he’s kicking Paul Krugman’s behind in a discussion about the Texas economy, explaining supply-side economics, or even when he’s writing misguided things about taxation. But I’m tempted to say that anything he’s written to date pales into insignificance compared to his analysis of the corrupt […]

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Amusing Cartoon Asks Whether American Taxpayers Should Bail Out Europe’s Welfare States

Amusing Cartoon Asks Whether American Taxpayers Should Bail Out Europe’s Welfare States

Posted on December 3, 2011

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 cartoon captures my sentiment. At the risk of being picky, however, I would […]

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What’s the Solution to Europe’s Fiscal Crisis: Spending Cuts, or Bailouts and Easy Money?

What’s the Solution to Europe’s Fiscal Crisis: Spending Cuts, or Bailouts and Easy Money?

Posted on November 30, 2011

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 lender-of-last-resort powers, or it could signal another round of reckless easy money and […]

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Europe’s Dismal Outlook

Europe’s Dismal Outlook

Posted on November 25, 2011

The economic and fiscal crisis in Europe looks worse every day as a growing number of international investors decide that nations such as Greece, Portugal, Italy, and Spain can’t be trusted. As a result, interest rates on government debt are hitting record levels. Not surprisingly, Europe’s craven political class is refusing to reduce the burden […]

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Will Europe’s Feckless Politicians Destroy the Euro?

Will Europe’s Feckless Politicians Destroy the Euro?

Posted on November 21, 2011

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 and obvious steps that are needed to address the problems of spendthrift […]

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Would You Rather Have Bailouts or Real Capitalism?

Would You Rather Have Bailouts or Real Capitalism?

Posted on November 18, 2011

arlier this month, I took part in an online debate for U.S. News & World Report about whether Europe or the United States was in deeper fiscal trouble. I wrote that Europe faced a bigger mess, though I warned that the United States was making the same mistakes of costly and inefficient welfare-state policies and […]

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Five Lessons for America from the European Fiscal Crisis

Five Lessons for America from the European Fiscal Crisis

Posted on November 17, 2011

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 student and former Cato Institute intern, may be the best explanation […]

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