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Obama’s Dangerous Italian Labor Rhetoric
[caption id="" align="alignleft" width="260"] President Obama spoke in Detroit on Monday[/caption] President Obama condemned yesterday Michigan’s forthcoming transition to a right-to-work state. He claimed,…
Blog
American Capitalism Is More Compassionate Than European Socialism
America has not yet become Europe. And that’s a good thing. In Investor’s Business Daily, I empirically show that the American model of greater…
Blog
The Bank Of England Breaks With Tradition, Only To Continue It
U.K. Chancellor of the Exchequer George Osborne’s selection for the new governor of the Bank of England (BOE) is a strong break with tradition.
Op-Eds
Opportunity And Wealth Remain In America, Not Europe
The presidential election proved Americans have embraced European-style social democracy and that ObamaCare is but the first chapter in a new era of big government.
Blog
The Estonian Solution To America’s Fiscal Cliff: Cut Spending
Real austerity brings real growth. That’s the story of Estonia, which broke the common European mold of tax increase-based economic retrenchment by taking an axe…
Op-Eds
America must avoid Europe’s toxic tax remedy
With America threatening to run off the “fiscal cliff” of tax increases and spending cuts on Jan. 1, it risks repeating the mistakes of Europe.
Blog
Italy Shoots The Messenger… And Its Legal System In The Foot
Italy’s legal system, already deeply unfriendly to business, has sunk to a new low this week. In the town of Trani, prosecutors requested to charge five…
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Austerity For Europeans, But Not For Europe
Some economists and political leaders demonize European austerity as “savage.” They say it will only deepen and prolong recession. They are right, but for the…
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“Status-Quo-ism” Of Italian Politicians Is Economically Perilous
Italian media report all sides of Italy’s political spectrum are calling for early elections. Unfortunately, that means a return of the unreformed Italian political class…
Blog
On Halloween, Euro Politics Fit Right In
All the usual characters are present this Halloween night across the Atlantic. But European leaders doing the trick-or-treating aren’t getting the sweet sugar fix they…
Op-Eds
European Politics Increasingly Resemble Halloween
Politics in Europe is beginning to resemble Halloween. Trick-or-treaters like Greece and Spain come to the doorstep of Germany and the European Union for bailout…
Blog
Italy’s Greatest Economic Threat: Italian Politicians
Italian ex-Prime Minister Silvio Berlusconi told news sources last week that his party -- Popolo della Libertà -- would soon decide whether or not to…
Blog
Southern European Bailouts Must Focus On Reform
As European leaders meet in Brussels this week for a summit on the future of European integration, bailouts for the south will be heavy on…
Op-Eds
Greece must stop hitting snooze and wake up to economic reform
WHEN the International Monetary Fund (IMF) and European finance ministers meet today at the European Union (EU) summit, they are bound to butt heads over…
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Jobless Youth: Southern Europe’s Ticking Time Bomb
Forget austerity and bailouts. Southern Europe has an even bigger problem: a glut of unemployed young people. If this trend continues, workforces will regress in…
Blog
Printing Money Is Not A Main Street Policy
Op-Eds
Letter to the Editor: The Fed Helps Wall Street at the Expense of Main Street
Mr. Bernanke’s description of QE3 as a “‘Main Street’ policy” is incorrect. The Fed distributes its newly created money by…
Op-Eds
Jobless youth – southern Europe’s ticking time bomb
BRUSSELS – As Europe hangs on every public statement about the possibility of more bailouts from the European Central Bank or German Chancellor Angela Merkel,…
Blog
The Real Spanish Bank Bailout Cost: 113 Billion Euro
Don’t be fooled by the optimism overflowing from the stress test of Spain’s banking system released on Friday. American Consultancy Oliver Wyman, which performed the…
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State Capitalism Or Corporatism? Italy’s Carmaker Conundrum
Italy’s iconic car manufacturer, Fiat, announced Saturday its plans to keep its production base in Italy after months of threatening to leave for more…
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The European Central Bank’s Losing Game Of Chicken
European Central Bank (ECB) President Mario Draghi is losing a game of chicken with the Euro Area’s distressed peripheral countries. Earlier this month, Draghi announced…
Op-Eds
Angela Merkel’s Bismarckian Euro Diplomacy
German Chancellor Angela Merkel seems to be channeling her 19th century predecessor, Otto von Bismarck, in a striking way; engineering a diplomatic balancing act…
Blog
Europe’s Central Bankers Are Running Out Of Road
Fed Chairman Ben Bernanke said yesterday in his testimony to the House Financial Services Committee that Europe is a long way off from having a…
Blog
Italy Kicks the Can on Labor Reform
Italy continues to put off addressing its most fundamental economic problem: impossibly rigid labor regulation. In this letter to The Wall Street Journal, I explain why…
Blog
Bailouts Won’t Save Europe, Only Reform Will
As European leaders panic over bailouts for Southern Europe, they miss an important reality. Comprehensive structural reform is the only long-term solution for recovery. Perversely, bailouts…
Op-Eds
Reform, Not a Bailout, Will Save Italy
WITH Greece on life support from the European Union and Spain squirming in the financial vice grip of its insolvent banks, talk of an Italian…
Blog
Central Bankers are Playing a Losing Game
The supposed economic “recovery” is faltering. The sugar high of freshly printed money from the world’s central banks is beginning to wear off. In…
Op-Eds
The European Central Bank vs. Reality
The four-year charade of central bank bailouts is starting to come undone. Reacting to rising European bond yields in a Saturday meeting with world leaders,…
Blog
Super Mario Hasn’t Saved Italy’s Entrepreneurs
Italian Prime Minister Mario Monti is full of optimism these days. He has claimed to achieve “historic” reform in Italy’s labor market and to beat…
Op-Eds
Super Mario Talks a Good Game But Italy’s Entrepreneurs Have Lost Out
ITALIAN Prime Minister Mario Monti recently proclaimed “historic” labour reform and even declared the “financial aspect” of the crisis to be over. But don’t pop…
Blog
School Choice Can Temper Climate Curriculum Dogma
John Stuart Mill once wrote, “There is the greatest difference between presuming an opinion to be true, because, with every opportunity for contesting it, it…
Op-Eds
Rome vs. the Unions
Relative to Italy’s debt problems, the country’s biggest impediment to growth gets relatively little international press. Burdensome labor regulations are nothing new to Italians. But…
Blog
More Phony Comparisons by American Europhiles
American Europhiles love to make comparisons between the entire United States and the rich Nordic countries in order to advocate America's "Europeanization." But comparing these…
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Fed’s Plan to De-Mystify Interest Rate Intentions Won’t Induce Recovery
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Boom and Bust Madness: An Empirical Look at the Fed’s Dollar Binge
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Bernanke’s Dollar Swap Euro “Stimulus”
Here’s a letter I sent to The Wall Street Journal: In “Central Banks Take Coordinated Action” (Nov. 30), Mr. Sparshott and Mr. Hilsenrath rightly…
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Ben Bernanke: Most Powerful Man in America?
Don’t let his short stature and friendly grandpa beard fool you. Federal Reserve Chairman Ben Bernanke has the power to control the money in your…
Blog
What the Super Committee Could Have Learned From Italy
Entitlement reform. Those words alone make politicians’ ears bleed. Or in the case of Italy, it makes their fists literally fly at one another. I…
Op-Eds
What the Super Committee Could Have Learned From Italy
One of Thomas Jefferson’s rules for living was, “Never put off until tomorrow what you can do today.” As an American and as a “cittadino”…
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Bombs Don’t Build Economies
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Regulation is this Halloween’s Goblin
Uncle Sam may be the biggest spook to business this Halloween. A new Gallup poll of small business owners shows that “complying with government regulations”…
Daily Caller
Regulation Is This Halloween’s Goblin
American entrepreneurs and small business owners have good reason to be scared this Halloween. According to a new Gallup poll, small business owners consider…
Blog
Tax-and-Spend is Not a “Jobs” Plan
Daily Caller
Environmental School Curriculum Labeled as One-Sided
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Green Zealots Target Maryland Students
The Maryland State Board of Education passed a new curriculum requirement on June 21, 2011. Instead of gaining competence in math or science, students…
Daily Caller
Propaganda Posing as Environmental Literacy
Kids aren’t the only ones going back to school this week. Powerful environmental advocacy groups are joining them in the classroom. On June 21, the…
Blog
Keynesian Policy Does Not Create Growth
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“Rules are Rules,” When it Comes to Yard Sales
The City of Salem, Oregon, is cracking down on yard sales — even if they are a citizen’s last option to pay for expensive…
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Growth Won’t Come From More Government Spending
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Obama Ignores even Internal Dissent on Environmentalist Agenda
President Obama will stop at nothing to pursue his war on coal. He won’t even listen to those within his own administration. His…