by Dan Mitchell | Sep 29, 2011 | Bailouts, Blogs
One almost feels sorry for Treasury Secretary Tim Geithner. He’s a punchline in his own country because he oversees the IRS even though he conveniently forgot to declare $80,000 of income (and managed to get away with punishment that wouldn’t even qualify as a slap on...
by Dan Mitchell | Sep 26, 2011 | Bailouts, Big Government, Blogs, Economics
This is getting surreal. We now have layers of bailouts around the world. Different nations are doing their own bailouts. On top of that, the Europeans have set up something called the European Financial Stability Facility, which does bailouts across the continent....
by Dan Mitchell | Jun 24, 2011 | Big Government, Blogs, Taxation
As a general rule, the bureaucrats at the International Monetary Fund are not awful people or fire-breathing leftists. But they are voices for the establishment. And, at the upper levels, IMF staff seem overly solicitous of the views of the big nations, which means...
by Dan Mitchell | Jun 8, 2011 | Bailouts, Big Government, Blogs, Government Spending
Here’s some completely depressing news. CNBC is reporting that President Obama is putting American taxpayers on the chopping block to bail out Greece’s corrupt politicians. But, to show he doesn’t discriminate, he also encouraged the German Chancellor to rape her...
by Dan Mitchell | May 28, 2011 | Big Government, Blogs, Government Spending, Taxation
It’s not often that I am unenthusiastic about the possibility of a nation reducing its corporate tax rate. But when the country is doing the right thing for the wrong reason, I hope that feelings of ambivalence are understandable. In this case, some Irish politicians...
