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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…
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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…
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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…
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Printing Money Is Not A Main Street Policy
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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”…
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Tax-and-Spend is Not a “Jobs” Plan
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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…
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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…
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In Wake of Financial Woes, Staffers Pack Up and Leave for Hawaii
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More Social Engineering and Failure from Federal Housing Policy
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TSA Chatterboxes Not as Friendly as they Seem
You may get some extra-special attention from the Transportation Security Administration (TSA) in the near future — but this isn’t just another pat-down or…