by Dan Mitchell | Dec 11, 2011 | Big Government, Blogs, Economics, Europe, Government Spending
Europe is in the midst of a fiscal crisis caused by too much government spending, yet many of the continent’s politicians want the European Central Bank to purchase the dodgy debt of reckless welfare states such as Spain, Italy, Greece, and Portugal in order to prop...
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...
by Dan Mitchell | Nov 30, 2011 | Bailouts, Big Government, Blogs, Europe, Government Spending
In hopes of stopping investor panic about Europe’s fiscal crisis, the world’s major central banks just announced that they will do whatever is needed to ensure financial markets don’t freeze up. This could be an appropriate and relatively benign use of the...
by Dan Mitchell | Nov 27, 2011 | Big Government, Blogs, Economics, Government Spending
bout a year ago, I spoke at a conference in Europe that attracted a lot of very rich people from all over the continent, as well as a lot of people who manage money for high-net-worth individuals. What made this conference remarkable was not the presentations, though...
by Dan Mitchell | Nov 25, 2011 | Bailouts, Big Government, Blogs, Economics, Government Spending
The economic and fiscal crisis in Europe looks worse every day as a growing number of international investors decide that nations such as Greece, Portugal, Italy, and Spain can’t be trusted. As a result, interest rates on government debt are hitting record levels. Not...
