by Dan Mitchell | Jul 18, 2014 | Bailouts, Blogs
I periodically comment about government corruption, often in the context of trying to make the general point that shrinking the size and scope of the public sector is the most effective way of reducing sleaze in Washington. Now let’s get specific. I’ve already...
by Dan Mitchell | Mar 27, 2014 | Bailouts, Blogs
When you support limited government and individual freedom, you don’t enjoy many victories. Particularly if you’re relying on the U.S. Senate. But it occasionally happens. The Senate held firm and stopped Obama from getting a fiscal cliff tax hikeat the end of 2010....
by Dan Mitchell | Jun 28, 2013 | Bailouts, Blogs, Europe
The European Union has basically made the right decision on how to deal with insolvent banks. Here are some details from the EU Observer. Bank shareholders and creditors will be first in line to suffer losses if their bank gets into difficulties, according to draft...
by Dan Mitchell | Mar 18, 2013 | Bailouts, Blogs, Europe
It doesn’t create a lot of confidence in Europe that tiny little Cyprus, with a GDP less than Vermont, is now causing immense turmoil. Though to be more accurate, events in Cyprus aren’t causing turmoil as much as they’re causing people to examine both government...
by Dan Mitchell | Jan 13, 2013 | Big Government, Blogs
I have a serious question for readers. What’s worse, bailouts for government or bailouts for the private sector? Yes, both are bad, but is it worse to bail out a bankrupt entitlement program, such as Social Security, or it is worse to bail out an industry, such as the...
