Europe’s Lessons for Economic Growth »

A bird’s-eye view of the Eurozone economies a decade after the financial crisis invites three conclusions: Governments that made unpopular free-market reforms are already reaping the fruits; families and businesses are acting more sensibly than their governments; last but not least, people have behaved much differently than the European Central Bank (ECB) intended. The...
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Spain Defeats the Extreme-Left Populists »

Spain, the Eurozone’s fourth largest economy, has been without a real government since October, when the campaign for a general election kicked off. After an inconclusive result, the country was left in political limbo. That status will change soon due to last week’s elections, which produced a clearer outcome. Without an effective government, Spain...
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Macroeconomic Policy, European-Style »

Last Spring President Obama tried to talk German Chancellor Angela Merkel into continuing massive deficit spending to support the sagging economy. Quitting now, Obama argued, would cut the recovery short and risk major economic problems. A more sluggish German economy would slow world recovery, including recovery in the U.S. Merkel’s response was that narrowing...
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This Week in The Lighthouse: Economic Recovery, Double-Taxing Energy, Afghanistan, Bullfighting »

This week’s Lighthouse (available online here) deals with a wide variety of topics, including economic recovery (Robert Higgs), double-taxation of income of gas and oil producers (William F. Shughart II), Afghanistan (Ivan Eland), and bullfighting in Spain (Alvaro Vargas Llosa). Links to the individual items appear below: 1. How to Revive a Stagnant Economy...
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