by Dan Mitchell | Nov 21, 2011 | Bailouts, Blogs, Europe, Government Spending
As demonstrated by the new video from the Center for Freedom and Prosperity, there are five key lessons to learn from the fiscal crisis in Europe. Unfortunately, Europe’s despicable political class has not learned from their mistakes. They are not taking the simple...
by Dan Mitchell | Oct 28, 2011 | Bailouts, Big Government, Blogs, Europe
The Europeans have just agreed to another bailout for Greece. That’s the bad news. The good news is…well, there is no good news. Sarkozy, Merkel, and the other statists have once again failed to do the right thing and instead have decided to throw good money after bad...
by Dan Mitchell | Oct 23, 2011 | Bailouts, Big Government, Blogs, Government Spending
Almost two years ago, I wrote that bailing out Greece was misguided because it would dig the debt hole deeper. More recently, I wrote an I-told-you-so post that looked at my four original predictions and patted myself on the back for being accurate (not that it took...
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 | Sep 24, 2011 | Big Government, Blogs, Economics, Government Spending, Taxation
The fiscal turmoil in Greece is not about fiscal balance. It’s a fight between looters and moochers such as Olga Stefou, who think taxpayers should endlessly subsidize everything, and the shrinking group of productive people who are pulling the wagon and keeping...
