With a Few More “Successes” Like the GM Bailout, We’ll Be Greece in Record Time

by Dan Mitchell | May 9, 2011 | Bailouts, Big Government, Blogs, Government Spending

Most of us have probably heard the joke about the moronic salesman who admitted to losing money on each sale but was hoping to make it up with higher volume. E.J. Dionne of the Washington Post is taking this financial approach to a new level. His column today asserts...

Greetings from Argentina – An Obamaesque Land of Crony Capitalism and a Warning to America

by Dan Mitchell | Apr 19, 2011 | Big Government, Blogs, Economics

After reading below about Argentina’s decline, several people have emailed to ask how Chile compares. Ask and ye shall receive. This post from last month shows shows Chile, Argentina, and Venezuela. Very powerful, which is why I gave the post such a grandiose title....

Obama’s Crony Capitalism Means the Poor Subsidize the Rich

by Dan Mitchell | Jan 24, 2011 | Bailouts, Big Government, Blogs, Free Market

I’ve always rejected coercive redistribution, particularly when imposed by the federal government. But some types of redistribution are worse than others, and when big business and big government get in bed together, ordinary people are the ones who get screwed. This...