I wrote a detailed blog post yesterday, showing that European governments have been very reluctant to restrain the burden of government spending. Part of the problem is that the debate in Europe is a no-win exercise, pitting proponents of higher taxes (which is largely how Europe’s political elite defines “austerity”) against proponents of higher spending […]
read more...With both France and Greece deciding to jump out of the left-wing frying pan into the even-more-left-wing fire, European fiscal policy has become quite a controversial topic. But I find this debate and discussion rather tedious and unrewarding, largely because it pits advocates of Keynesian spending (the so-called “growth” camp) against supporters of higher taxes […]
read more...Back in 2010, I declared that Olga Stefou was a symbol of everything that’s wrong with the Greek welfare state. She was one of the protesters and – if the story captured her thoughts accurately – she displayed an unlimited entitlement mentality. Sort of helps one understand why this cartoon is so accurate. Now we […]
read more...I’ve written before how “The Value-Added Tax Would Be a Money Machine for Big Government.” Writing for Bloomberg, Josh Barro has a piece entitled, “Value-Added Tax Would Raise Tons for U.S. Coffers.” So you might think we see eye to eye on this issue, but that would be a rash assumption. While I see a giant […]
read more...I’ve occasionally commented on foolish public policy in the United Kingdom, including analysis on how the welfare state destroys lives and turns people into despicable moochers. But if you really want to understand the horrifying absurdity of the welfare state, check out these passages from a report in the Daily Mail. Carl Cooper thought he […]
read more...With the exception of a few top-notch thinkers such as Pierre Bessard and Allister Heath, there are very few people in Europe who can intelligently analyze public policy, particularly with regard to fiscal issues. I don’t know if Fredrik Erixon of the Brussels-based European Centre for International Political Economy is even close to being in […]
read more...A problem in Washington is that people who specialize in particular fields are tempted to exaggerate the importance of their issues. To cite a couple of examples: People who work on monetary policy think their issue is most important, and you can understand why after watching this George Selgin video. People who work on regulatory […]
read more...One of my first posts on this blog featured this video showing how big government breeds corruption. I’ve periodically provided examples of how this process works, citing Alaska, Chicago, Wall Street, and Washington. Here’s another example, explicitly showing how big business and big government get in bed together to rape and pillage taxpayers. The sleazy […]
read more...I’ve reported some horror stories about bureaucrats ripping off taxpayers with lavish compensation packages, including: The chief bureaucrat of a low-income California city getting almost $800,000 per year. Cops in Oakland getting average compensation of $188,000. A Philadelphia bureaucrat, after working only 2-1/2 years, nailing down a guaranteed pension of $50,000 per year. A New […]
read more...Last year, I shared a very amusing Michael Ramirez cartoon showing Obama as the European lemming. Now, Mark Helprin takes a much more serious look at the same issue in the Wall Street Journal, commenting on the wisdom (or lack thereof) of Obama’s interest in the European economic model. Both in his re-election campaign and […]
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