Categories

A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

Greek Politicians Should Learn from Latvia

I wrote last month that the debt burden in Greece doesn’t preclude economic recovery. After all, both the United States and (especially) the United Kingdom had enormous debt burdens after World War II, yet those record levels of red ink didn’t prevent growth. Climbing out of the debt hole didn’t require anything miraculous. Neither the […]

Continue reading Greek Politicians Should Learn from Latvia

Greece, Germany, and a Real-World Version of Atlas Shrugged

I suggested a couple of months ago that the economic turmoil in Greece and Venezuela is somewhat akin to a real-life version of Atlas Shrugged. And I’ve also used that analogy when writing about France and Detroit. But I’m probably not doing justice to Ayn Rand’s famous novel because Atlas Shrugged is not just about […]

Continue reading Greece, Germany, and a Real-World Version of Atlas Shrugged

A Five-Picture Explanation of the Greek Mess

I’ve shared lots of analysis (both serious and satirical) about the mess in Greece and I feel obliged to comment on the latest agreement for another bailout. But how many times can I write that the Greek government spends too much money and has a punitive tax system (and a crazy regulatory regime, a bloated […]

Continue reading A Five-Picture Explanation of the Greek Mess

Haven’t the Greeks Suffered Enough?

I very rarely feel sympathy for the people of Greece. Indeed, events over the past five years have even led me to write that “I hate the Greeks.” I also disparaged the people of Greece by stating on TV that they’ve been trying to loot and mooch their way through life. So you can see […]

Continue reading Haven’t the Greeks Suffered Enough?

New Fiscal Report from European Commission Punctures Myth of “Savage” Austerity

The European Commission’s data-gathering bureaucracy, Eurostat, has just published a new report on government finances for the region. And with Greece’s ongoing fiscal turmoil getting headlines, this Eurostat publication is worthwhile because it debunks the notion, peddled by folks like Paul Krugman, that Europe has been harmed by “savage” and “harsh” spending cuts. Here’s some […]

Continue reading New Fiscal Report from European Commission Punctures Myth of “Savage” Austerity

Puerto Rico: Another Harsh Lesson about the Consequences of Violating Fiscal Policy’s Golden Rule

When I make speeches about fiscal policy, I oftentimes share a table showing the many nations that have made big progress by enforcing spending restraint over multi-year periods. I then ask audiences a rhetorical question about a possible list of nations that have prospered by going in the opposite direction. Are there any success stories […]

Continue reading Puerto Rico: Another Harsh Lesson about the Consequences of Violating Fiscal Policy’s Golden Rule