This video by prominent Washington DC based Economist Daniel Mitchell demonstrates that only spending cuts and not an increase in the tax burden are needed to balance the budget. Although the video refers to an increasingly “big government” America, the same issue plagues most European countries and particularly the United Kingdom. While the new UK conservative government has the good […]
On Sept. 16th, 2010, The economist published an article entitled: an excercise in fertility In Asia’s “little tigers”, big families went out of vogue decades ago, and have stayed there Whose to blame for the decline in fertility rates in the rich economies of south east Asia? It is true that as income grows, the […]
In a TV interview on Feb. 5, 1976, Prime Minister Thatcher said, “…and Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people’s money. It’s quite a characteristic of them.” After the Greek Debt crisis, the whole world turned its attention to sovereign debt, government budgets and fiscal issues. […]
Written by Orphe P. Divounguy In May 2010, something really odd happened: our “great” allies from the other side of the pond decided on a coalition government between a Conservative party, usually the party associated with lower spending/taxes, and the Liberal-Democrats that promised anything but fiscal adjustments. The Conservatives promised to cut government spending, and […]
One of the most important thing to take out of this video is that bailout money did not save the US economy. The bailout of major corporations primarily helped foreign investors and institutions. Bailouts also create a perverse incentive system. As long as the administration does not adopt a laissez-faire policy, irresponsible risk taking and […]
October 5, 2010 by Orphe Divounguy
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