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What Greece Needs (but Don’t Hold Your Breath, in Part Because of Bad Advice from the Obama Administration)

What Greece Needs (but Don’t Hold Your Breath, in Part Because of Bad Advice from the Obama Administration)

by Dan Mitchell | Jun 9, 2015 | Bailouts, Blogs, Economics

I wrote in May 2011 that the situation in Greece was hopeless because nobody with power and/or influence wanted the right policy. So I wasn’t bashful about patting myself on the back later that year when it quickly became obvious that bailouts weren’t working. Ever...

Atlas Is Shrugging in Greece and Venezuela: Two Case Studies of Statist Failure

by Dan Mitchell | May 27, 2015 | Blogs, Economics

Over the years, I’ve had many arguments about economic policy with my statist friends. I put them into three categories. The completely unreasonable statists blindly assert, notwithstanding all the evidence around the world, that bigger government and more...

Greece, Marxism, and Paul Krugman

by Dan Mitchell | Mar 21, 2015 | Big Government, Blogs, Economics, Government Spending

I don’t know which group is more despicable, Greek politicians or the voters who elected them. In both cases, they think they’re entitled to other people’s money. But since the “other people” in this case happen to live in nations such as Germany and Finland, and...
Great Moments in Local, State, National, and Foreign Government

Great Moments in Local, State, National, and Foreign Government

by Dan Mitchell | Mar 10, 2015 | Big Government, Blogs

I periodically share this poster, in part because it’s funny, but mostly because it’s true. After all, can you think of many “success stories” involving government? When I pose this question to my statist friends, I usually get a blank stare in response. Though some...
What Greece Needs (but Don’t Hold Your Breath, in Part Because of Bad Advice from the Obama Administration)

The Outcome of the Fiscal Fight in Greece and Implications for Spain, Italy, Ireland, Portugal, France, Belgium, Etc

by Dan Mitchell | Feb 18, 2015 | Bailouts, Big Government, Blogs, Economics, Government Spending

There’s a big fiscal battle happening in Europe. The relatively new Greek government is demanding continued handouts from the rest of Europe, but it wants to renege on at least some of the country’s prior commitments to improve economic performance by reducing the...
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