Kyriakos Mitsotakis, Greece’s new prime minister promises free-market reforms and is challenging Europe and the IMF on the issue of taxes.
Greece is reportedly putting into practice Independent Institute Senior Fellow William Shughart’s recommended course of action to insolvent governments: sell off government-held assets, pay off your debts, and get your fiscal house in order for the future. And Greek’s government owns vast swathes of highly desirable property: An umbrella company for most of Greece’s […]
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 […]