by Dan Mitchell | May 31, 2011 | Bailouts, Big Government, Blogs, Government Spending
Way back in February of 2010, I wrote that a Greek bailout would be a failure. Not surprisingly, the parasites at the International Monetary Fund and the political elite from other European nations ignored my advice and gave tens of billions of dollars to Greece’s...
by Dan Mitchell | May 24, 2011 | Bailouts, Big Government, Blogs, Europe, Government Spending
eronique de Rugy of the Mercatus Center has a very good – but somewhat depressing – analysis of the fiscal crisis in Greece. She basically concludes that bailouts will continue because nobody in Europe is willing to do the right thing. This got me thinking about what...
by Dan Mitchell | Feb 16, 2011 | Bailouts, Big Government, Blogs, Government Spending, Welfare and Entitlements
On rare occasions, I dream about being a politician or high-level international bureaucrat. Not because I want to be a moocher (please put me out of my misery if that ever happens), but because I periodically read about some sleazy interest group making petulant...
by Dan Mitchell | Jan 11, 2011 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Thanks to decades of reckless spending by European welfare states, the newspapers are filled with headlines about debt, default, contagion, and bankruptcy. We know that Greece and Ireland already have received direct bailouts, and other European welfare states are...
by Dan Mitchell | Jul 27, 2010 | Big Government, Blogs
Professor Larry Kotlikoff has some very sobering analysis of America’s fiscal status. Instead of just looking at current deficits, he examines the “present value” of all future expenditures and revenues. Simply stated, America is in worse shape than Greece because of...
