Congressional leaders and President Obama are ignoring the perils of overspending to which European countries succumbed in the 1970s. The recent actions and proposals of President Obama and Congressional leaders violate both fiscal responsibility and basic political restraint, and are setting the stage for a full-fledged public finance crisis.  more

In the recent New York Times Magazine, writer Russell Shorto painted a view of the Dutch welfare state that was worthy of Vermeer. Indeed, he used this metaphor himself, romantically describing “the pale yellow light” that suffuses his 17th-century apartment—and in similar brushstrokes, the system that taxes 52% of his annual income.
But Shorto does not describe   more

At the G-20 summit, leaders agreed to a $1.1 trillion capital injection to be provided by the IMF and the World Bank so that they can provide emergency credit to countries in distress, particularly developing countries. Unlike what President Obama had wanted, however, no global “stimulus” spending will be forthcoming and European leaders resist more   more

What can American conservatives learn from Europe’s diverse healthcare systems? Unlike what many left-of-center analysts have claimed, the lesson to take away from European healthcare systems is not that the U.S. ought to implement a single-payer, government-run healthcare system. Although European healthcare systems are routinely portrayed as being “government-run”, most European healthcare systems contain powerful   more