by Dan Mitchell | Dec 3, 2011 | Bailouts, Blogs, Europe
There’s a rather simple solution to Europe’s fiscal crisis, but politicians will never do the right thing unless every other option is exhausted. That’s why American taxpayers should not be involved in any sort of European bailout, either directly or indirectly. This...
by Dan Mitchell | Oct 28, 2011 | Bailouts, Big Government, Blogs, Europe
The Europeans have just agreed to another bailout for Greece. That’s the bad news. The good news is…well, there is no good news. Sarkozy, Merkel, and the other statists have once again failed to do the right thing and instead have decided to throw good money after bad...
by Dan Mitchell | Oct 11, 2011 | Bailouts, Big Government, Blogs, Government Spending
I’m not an expert on addiction, but it’s probably safe to assume that one would never treat an alcoholic by giving him more booze. Or treat an addict by giving him more drugs. So you won’t be surprised to learn that I’m opposed to bailouts. I’m against bailing out...
by Dan Mitchell | Sep 26, 2011 | Bailouts, Big Government, Blogs, Economics
This is getting surreal. We now have layers of bailouts around the world. Different nations are doing their own bailouts. On top of that, the Europeans have set up something called the European Financial Stability Facility, which does bailouts across the continent....
by Dan Mitchell | Jul 1, 2011 | Bailouts, Blogs
In a recent post, I explained some of the reasons why Greece should not get another bailout. I cover some of the same points in this Bloomberg interview, but my favorite part is when I state that it’s time for the Greek people to realize “they can’t loot and mooch...
