And it’s simple: with low birth rates, the young end up working to support the old, and then the state is likely to run out of money before their time comes to benefit. It’s starting to happen all over the … Continue reading →
Are reports of the euro’s imminent demise greatly exaggerated? Or will we see its end in the not-too-distant future, because the life support system its richer members are trying to construct is doomed to failure? Jeff Randall thinks it’s the … Continue reading →
Timothy Garton Ash says that Europe needs a new Churchill to add “dynamism” to the moribund EU: The European Union is still the world’s largest economy. It has enormous resources of hard and soft power, at present much bigger than … Continue reading →
There are frightening financial rumblings from Europe. It’s not just about Greece, either, nor even limited to Europe. The last few decades have intertwined the economies of the entire world more tightly than ever. This seemed like a good idea … Continue reading →
…so goes the 2010 US election?: …[I]t does appear to many that within the Obama administration and the Democratic congressional leadership there is the sentiment that America would be a better place if it were more to resemble Western Europe… … Continue reading →
Do we yet have any idea what actually happened that day the market fell so precipitously? [NOTE: This guy says he knows why it happened. But to me, his explanation sounds like “it happened because it happened.” Why did it … Continue reading →
Seems like a oxymoron, no? But not really: Beyond government jobs, the report showed that the private sector created 231,000 jobs. Manufacturing continued to trend up, rising by 44,000. The industry, which is leading the economy’s recovery, has added 101,000 … Continue reading →
It’s no surprise that Hugo Chavez’s socialist state of Venezuela has fallen on hard times. They are well-deserved; Chavez had to work hard to achieve the decline in a nation that has rich natural resources on which to draw. The … Continue reading →
Remember Barack Obama, Joe the Plumber, and “spreading the wealth?” It seemed a surprising revelation at the time. But Obama’s income redistributive tendencies have become an old and familiar story, if hardly a ho-hum one. Now Obama has done it … Continue reading →
…ever catch on to the Democrats’ Lucy and the football?
Continue reading →…will bankrupt us. The powerful public sector unions have obtained unsustainable benefits for their retired members, and the bills are coming due.
Continue reading →This House of Representatives seems intent on making history, and it’s not a good sort of history. If passing a budget—or even proposing one—causes problems and the need for debate with opponents, then hey, why do it? After all, money … Continue reading →