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 and dig the debt hole even deeper. [...]
Archive for October 28th, 2011
El Salvador, Greece, and American Tax Dollars: The Destructive Impact of the IMF
Posted in Bailout, Big Government, Debt, Deficit, Economics, Europe, Government Spending, Greece, Higher Taxes, International bureaucracy, International Monetary Fund, Tax Increase, Taxation, tagged Bailouts, Big Government, El Salvador, Greece, Higher Taxes, IMF, International bureaucracy, International Monetary Fund, Tax Increase on October 28, 2011 | 9 Comments »
Four Reasons Why Keynesian “Stimulus” Does Not Work
Posted in Big Government, Debt, Deficit, Economics, Fiscal Crisis, Government Spending, Keynes, Keynesian, stimulus, tagged Big Government, Debt, Deficit, Economics, Government Spending, Keynesian Economics, stimulus on October 28, 2011 | 12 Comments »
Professor Allan Meltzer of Carnegie Mellon University has a must-read column in today’s Wall Street Journal, beginning with what should be an obvious statement. Those who heaped high praise on Keynesian policies have grown silent as government spending has failed to bring an economic recovery. Except for a few diehards who want still more government [...]
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