A Painful Lesson for German Taxpayers

A Painful Lesson for German Taxpayers

I’ve been in Prague the past few days for a meeting of the European Resource Bank. I spoke today about a relatively unknown international bureaucracy called the European Bank for Reconstruction and Development and I warned that it is going through a process of...
New Jersey’s Fiscal Suicide

New Jersey’s Fiscal Suicide

A couple of decades can make a huge difference in the political and economic life of a jurisdiction. Two decades ago, Venezuela had not yet been subjected to the horror of Hugo Chavez and his destructive statism. Three decades ago, the pro-market success story of...