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The Simple and Predictable Story of Fiscal Bankruptcy in Cyprus

by Dan Mitchell | Jul 5, 2012 | Big Government, Blogs, Europe, Government Spending

With all the fiscal troubles in Greece, Spain, Ireland, Portugal, and Italy, there’s not much attention being paid to Cyprus. But the Mediterranean island nation is a good case study illustrating the economic dangers of big government. For all intents and purposes,...

Observations on the European Farce

by Dan Mitchell | Jun 15, 2012 | Bailouts, Big Government, Blogs, Europe, Government Spending

Spain’s received a bailout, Greece is having another election tomorrow, and the European political elite is pushing for more centralization. In other words, business as usual in the continent where voters think you can get nothing for nothing (this satirical cartoon...

Europe’s Clueless Politicians Are So Incompetent that They Can’t Even Figure Out How to Do the Wrong Thing

by Dan Mitchell | Dec 10, 2011 | Bailouts, Big Government, Blogs, Economics, Government Spending

There’s always been a simple and desirable solution to Europe’s fiscal crisis, but nobody in Europe wants to do the right thing because it means admitting the failure of big government and it would result in less power for the political elite. So we get the spectacle...

When Germany and France Both Agree on Something, You Can Safely Assume It Is a Terrible Idea

by Dan Mitchell | Aug 16, 2011 | Big Government, Blogs, Economics, Government Spending, Tax Competition, Tax Havens, Taxation

I’ve joked on many occasions that bipartisanship occurs in Washington when the evil party and the stupid party come up with an idea that is simultaneously malicious and misguided. The international version of two-wrongs-don’t-make-a-right occurs whenever the French...

Emperor Rompuy Complains that “Bond Vigilantes” Don’t Appreciate Euro Clothes

by CF&P | Jan 15, 2011 | Big Government, Blogs, Welfare and Entitlements

I’ve already poked fun at Herman Van Rompuy, the nondescript über-bureaucrat who has risen to the non-elected post of European Council President. I’ve mocked Rompuy’s attempts to compete with other European politicians, and I encourage everyone to have a good laugh at...
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