by Dan Mitchell | Oct 26, 2011 | Blogs, Europe, Taxation
I don’t often have reason to praise the White House. But the Administration occasionally winds up fighting on the right side when dealing with the statists on the other side of the Atlantic Ocean. I lauded the Obama Administration two years ago when the Treasury...
by Dan Mitchell | Oct 24, 2011 | Big Government, Blogs, Economics, Europe, Government Spending
A couple of months ago, after reading an excellent column in the semi-official newspaper of the Vatican, I joked that we should send Obama to Rome for an economics lesson. I now completely retract that statement. There may be some economically astute people who write...
by Dan Mitchell | Oct 20, 2011 | Bailouts, Big Government, Blogs, Europe
I would have structured this flowchart differently, for reasons I discuss in this post, but this is pretty good picture of why Europe is in trouble. They say all roads lead to Rome, and this flowchart shows all roads lead to a banking crisis (see this post to...
by Dan Mitchell | Oct 17, 2011 | Bailouts, Big Government, Blogs, Economics, Government Spending
The welfare states of Europe are in deep trouble. Decades of over-taxing and over-spending have sapped economic vitality and produced high levels of debt. The high debt levels, by themselves, might not be a problem if European governments implemented good policy....
by Dan Mitchell | Oct 11, 2011 | Bailouts, Blogs
I’m routinely critical of politicians, even the “good” ones that say they want to limit government and promote freedom. But I think I’ve found a lawmaker who is worthy of strong praise. Unfortunately, he’s not in America. He is Richard Sulik, the head of the Slovakian...
