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A Five-Picture Explanation of the Greek Mess

A Five-Picture Explanation of the Greek Mess

by Dan Mitchell | Jul 14, 2015 | Bailouts, Big Government, Blogs, Europe, Government Spending

I’ve shared lots of analysis (both serious and satirical) about the mess in Greece and I feel obliged to comment on the latest agreement for another bailout. But how many times can I write that the Greek government spends too much money and has a punitive tax system...

Haven’t the Greeks Suffered Enough?

by Dan Mitchell | Jul 12, 2015 | Bailouts, Big Government, Blogs, Economics, Government Spending

I very rarely feel sympathy for the people of Greece. Indeed, events over the past five years have even led me to write that “I hate the Greeks.” I also disparaged the people of Greece by stating on TV that they’ve beentrying to loot and mooch their way through life....
New Fiscal Report from European Commission Punctures Myth of “Savage” Austerity

New Fiscal Report from European Commission Punctures Myth of “Savage” Austerity

by Dan Mitchell | Jul 9, 2015 | Big Government, Blogs, Economics, Europe, Government Spending

The European Commission’s data-gathering bureaucracy, Eurostat, has just published a new report on government finances for the region. And with Greece’s ongoing fiscal turmoil getting headlines, this Eurostat publication is worthwhile because it debunks the notion,...

Puerto Rico: Another Harsh Lesson about the Consequences of Violating Fiscal Policy’s Golden Rule

by Dan Mitchell | Jul 7, 2015 | Big Government, Blogs, Economics, Government Spending

When I make speeches about fiscal policy, I oftentimes share a table showing the many nations that have made big progress by enforcing spending restraint over multi-year periods. I then ask audiences a rhetorical question about a possible list of nations that have...
Establishment Media Channels Fox Butterfield on Keynesian Policy

Establishment Media Channels Fox Butterfield on Keynesian Policy

by Dan Mitchell | Jul 3, 2015 | Big Government, Blogs, Economics, Government Spending

Back in 2010, I described the “Butterfield Effect,” which is a term used to mock clueless journalists for being blind to the real story. A former reporter for the New York Times, Fox Butterfield, became a bit of a laughingstock in the 1990s for publishing a series of...
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