by Dan Mitchell | May 18, 2011 | Bailouts, Big Government, Blogs, Crime, Society
I certainly take second place to nobody in my utter contempt for Dominique Strauss-Kahn, the head of the International Monetary Fund. Who knew that forcing yourself (allegedly) on women could earn you a reputation as “the Great Seducer”? I guess my failure to...
by Dan Mitchell | May 14, 2011 | Big Government, Blogs, Economics, Government Spending
There’s a lot of buzz about a Wall Street Journal interview with Stanley Druckenmiller, in which he argues that a temporary delay in making payments on U.S. government debt (which technically would be a default) would be a small price to pay if it resulted in the...
by Dan Mitchell | May 11, 2011 | Big Government, Blogs, Government Spending
I’m often torn between optimism and pessimism about the future. In my cheerful moments, I marvel at the American system and cheer the private sector’s ability to adapt and survive even the stupidest government interventions. But at other times, I fret that those...
by Dan Mitchell | May 6, 2011 | Big Government, Blogs, Economics, Government Spending
The Labor Department released its latest job numbers today and they remind me of Clint Eastwood’s 1966 classic, “The Good, the Bad, and the Ugly.” The good news is that the economy created 244,000 new jobs, the biggest gain in almost one year. And the jobs were in the...
by Dan Mitchell | May 5, 2011 | Bailouts, Big Government, Blogs
We have two completely unrelated topics from Germany and France, but both fit in the broader theme of Europe’s gradual, self-inflicted suicide. Let’s start with the Germans. I’m not a big fan of the country’s Chancellor, Angela Merkel. She is supposedly a...
