by Dan Mitchell | Aug 3, 2020 | Big Government, Blogs, Taxation
There’s a reason that Greece is almost synonymous with bad economic policy. The country has endured some terrible prime ministers, most recently Alexis Tsipras of the far-left Syriza Party. Andreas Papandreou, however, wins the prize for doing the most damage. He...
by Dan Mitchell | Sep 17, 2019 | Uncategorized
There are many reasons to oppose the various bailouts of the Greek government. Here are my two main reasons. I don’t like rewarding investors who make imprudent decisions, and it really galls me to bail out the (mostly) rich people who bought Greek bonds. I don’t like...
by Dan Mitchell | Mar 22, 2019 | Big Government, Blogs, Government Spending
In the absence of genuine entitlement reform, the United States at some point is going to suffer from a debt crisis. But red ink is merely a symptom. I used numbers from Greece in this interview to underscore the fact that the real problem is government spending. The...
by Dan Mitchell | Feb 15, 2019 | Big Government, Blogs, Socialism
In Part I of this series, we examined the horrific tragedy of Venezuelan statism, and in Part II of this series, we looked at the Scandinavian “free-market welfare state.” Today, Part III will look at the ongoing deterioration of Greece. I’ve written many times about...
by Dan Mitchell | Oct 30, 2018 | Big Government, Blogs
My left-leaning friends periodically tell me that there’s a big difference between their benign policies of democratic socialism and the wretched track records of Marxist socialism, national socialism, and other forms of totalitarianism. I agree. Living in a European...
