Tag Archives : Greece
Europe and Greece: Every Option Is on the Table…Except Doing the Right Thing
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 I expect to happen. Here are the options, […]
read more...Beware of Greeks Accepting Gifts
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 demands for handouts and I think about how much fun it […]
read more...Which Nation Will Be the Next European Debt Domino…or Will It Be the United States?
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 getting indirect bailouts from the European Central Bank, which is vying with the Federal Reserve in […]
read more...America’s Long-Term Fiscal Crisis: Worse than Greece?
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 the long-term burden of entitlement programs. Kotlikoff’s conclusion that America is “one foot away […]
read more...European Central Bank President Wants to Exacerbate Continent’s Fiscal Crisis
It’s been amusing, in an I-told-you-so fashion, to follow the fiscal crises in Greece, Spain, and other European welfare states. And I feel like a voyeuristic ghoul as I observe the incredibly misguided bailout policies being adopted by the political elites (who are trying to bailout the business elites who made silly loans to corrupt nations […]
read more...The United States of Greece
Americans should not get too smug about the troubles in Europe because the Bush-Obama policies of wasteful spending are bringing us down the same path. The latest evidence comes from a well-researched article about personal income in USA Today showing that the share from private paychecks fell to a record low and the share from […]
read more...I Hate the Greeks (and the French, and the Brits, and the Americans).
Actually, that’s too broad of a brush, but I do despise people of any nationality who think that they are entitled to mooch off the labor and capital of others. I also fear for my country because of such people. Benjamin Franklin is rumored to have said that, “When the people find they can vote […]
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