Maybe the French Aren’t So Bad After All

By Daniel J. Mitchell

I like poking fun at French politicians for being hopeless statists, and I always assumed that French voters shared their collectivist sympathies. But according to new polling data reported by the Financial Times, there may be a Tea Party revolt brewing in France. Among major European nations, the French are most in favor of smaller government. [...]

Thanks to Tax Competition, Corporate Tax Rates Continue to Fall in Europe

By Daniel J. Mitchell

Many people assume that Europe is the land of high-tax welfare states and America is an outpost of laissez-faire capitalism. We should be so lucky. The burden of government in America is still lower than it is in the average European nation, but the United States is a lot closer to France than it is to [...]

Reaping What We’ve Sown in Europe

By Justin Logan

Josef Joffe famously referred to the U.S. presence in Western Europe as “Europe’s pacifier.” The idea was that you stick the American pacifier in there and the *cough* recurring problem emanating from Europe goes away. 
After the Cold War ended, and the official reason for the NATO alliance blew away as if in the wind, we [...]

The G-20 Fiscal Fight: A Pox on Both Their Houses

By Daniel J. Mitchell

Barack Obama and Angela Merkel are the two main characters in what is being portrayed as a fight between American “stimulus” and European “austerity” at the G-20 summit meeting in Canada. My immediate instinct is to cheer for the Europeans. After all, “austerity” presumably means cutting back on wasteful government spending. Obama’s definition of “stimulus,” by [...]

The Good Side of Bad News in Europe

By Alan Reynolds

What does the Greco-Euro currency/debt crisis mean for the U.S. economy?
Nearly everyone except the uniquely wise economist John Cochrane assumes very bad “contagion” effects –on U.S. banks, exports and particularly U.S. manufacturing.
This echoes identical anxieties while the world went through a far more dramatic Asian currency crisis after  July 1997,  and a Russian debt crisis [...]

The Good Side of Bad News in Europe

By Alan Reynolds

What does the Greco-Euro currency/debt crisis mean for the U.S. economy?
Nearly everyone except the uniquely wise economist John Cochrane assumes very bad “contagion” effects –on U.S. banks, exports and particularly U.S. manufacturing.
This echoes identical anxieties while the world went through a far more dramatic Asian currency crisis after  July 1997,  and a Russian debt crisis [...]