The real issue is whether Greece’s decades-long experiment with failed debt-financed socialism will be allowed to survive much longer.
WORLD
The essence of capitalism’s foreign policy is free trade–i.e., the abolition of trade barriers, of protective tariffs, of special privileges–the opening of the world’s trade routes to free international exchange and competition among the private citizens of all countries dealing directly with one another. – AYN RAND
Greece Dependency Has Created Dangerous Illusions
Once again the crisis in Greece is threatening the unity of the entire euro zone.
The Bravado of Borrowers
No Greek recovery will be possible until the newly elected Marxists become unapologetic capitalists.
Cameron Uses EU Fine to Bolster Support
As recession threatens throughout the Continent, the calls for governments to unleash more socialist-style spending have increased.
Africa: A Tragic Continent
Poverty is not a cause but a result of Africa’s problems.
Turkey’s Position on ISIL Misunderstood
It is tempting for Western observers to view Turkey’s reluctance to join the fight as a mark of disloyalty to NATO and as a sign that the alliance is mostly about convenience. This view may be too simplistic.
A Bitter After-Taste in Iraq
You cannot create instant freedom like you are making instant coffee.
The Ambassador and the Post Office: A Lesson on Freedom from India
You can always keep anything old, clunky and inefficient still in business, if you are willing to pour unlimited amounts of the taxpayers’ money down a bottomless pit.
Russia’s Putin Plays for Keeps in Crimea
Putin may see six major geo-political weaknesses in the U.S. position.
Crying for Argentina
If the Argentinians can reduce the size of their government and turn it from ruining the economy to protecting individual rights, there will be much to cheer for in Argentina.
Another Galling Betrayal in Afghanistan and Iraq
We insisted on trying to create a “democracy” in the Middle East — a place with a history going back thousands of years, without a single democracy.
Nelson Mandela’s Mixed Legacy: The Anti-Apartheid Leader Who Opposed Actual Freedom
To be a true hero and leader, Mandela would have inspired South Africa–and the rest of the world–to rise to the standard of individual rights.
Iran: Obama’s New Best Friend
Obama and John Kerry have “struck a deal” with Iran. We’re now supposed to breathe easier. Because of this deal, we’re told, Iran will no longer be building nuclear weapons in order to destabilize the Middle East (translation: our oil supply) any more than it already...
Reality Versus Mirages in Egypt
Barack Obama’s Middle East interventions have replaced stable and neutral despots in Egypt and Libya with anti-Western despots and chaos.
Reality Versus Mirages in Egypt
Barack Obama’s Middle East interventions have replaced stable and neutral despots in Egypt and Libya with anti-Western despots and chaos.
What Egyptians Need
What Egypt needs most — reforms that create economic liberty.
Obama’s Muslim Regime in Egypt Bites the Dust
The Obama administration-backed Egyptian government, backed in turn by the West-hating Muslim Brotherhood, has fallen. Egypt will install a new and improved government. Who knows how long that will last? But from America’s perspective, that’s not the point. The point...
Chavez’s Socialism Has Been a Disaster
Hugo Chavez’s socialism has been a complete and utter disaster. Especially for the poor.
Germany Under Pressure To Create Money
Currently, central banks around the world are walking in lock step down a dangerous path of money creation. Led by the Federal Reserve and the Bank of Japan, economic policy is driven by the idea that printed money can be the true basis of growth. The result is an...
Thatcher’s Revolution
Daniel Yergin, Pulitzer Prize-winning American author, energy scholar and economics researcher, wrote recently that the passing of Margaret Thatcher provides “a timely reason to ask: What was the Thatcher Revolution about?” Yergin explains that he tackled that same...
Cypriot Chaos Assists EU Centralization
Remarks by members of the European Union’s elite suggesting that banking deposit seizures may become standard practice appear to have heightened the risk of a European bank run and perhaps even a catastrophic collapse of the euro. Any threat to the euro is a...
The Biggest Loser: Switzerland Outsources Their Monetary Policy To The Eurozone
In Switzerland, it’s not just the clocks that are cuckoo. Over the past four years Swiss politicians and central bankers have gone on an unprecedented buying spree of foreign exchange reserves. In 2012, their cache swelled to as much as $420 billion worth of...
EU Financial Tax Portends Loss of Market Leadership
Although it was barely noticed by the American press, on January 22nd, EU finance ministers approved a new “Financial Transactions Tax” (FTT) that has implications for market competitiveness around the world. The move was conceived as a Franco-German...
Hillary Clinton’s Hissy Fit
From forcing Americans into the enslavement of the medical profession, which is being accomplished by the man who defeated her and conferred her current diplomatic status, to leading what may be the worst foreign policy in American history, with major progression toward nuclear weapons by our arch-enemies, Hillary Clinton, despite her facade of competence, is a failure and a fraud in every respect.
German Gold Claw Back Causes Concern
Last week the Bundesbank (the German central bank) surprised markets around the world by announcing that it will repatriate a sizable portion of its gold bullion reserves held in France and the United States. To many, the news from the world’s second largest...
France and the UK Could Be the Lynchpins of Europe
Over the past two months, Europe’s problems seem to have disappeared from the headlines. However, the new French Socialist government is pushing ahead with policies that favor significantly higher government spending, greater regulation of business and commerce,...
Depardieu is Right: Social Democrats Spit on Success
CNN.com reports: France’s socialist administration wants to raise taxes on citizens earning more than 1 million euros ($1.3 million) annually to 75%. The Russian Federation has a flat income tax rate of 13%, RIA Novosti reported. France’s constitutional...
How the U.S. Appeases Iran
Soon, we may live to see what was once unthinkable: the reality of a nuclear Islamicist Iran. What should have been a simple smackdown of a primitivistic, barbaric regime by a global superpower has festered for over 30 years into a crisis of catastrophic proportions....
How the U.S. Appeases Iran
We need an urgent end to faith-based appeasement.
A Letter to Cuba’s American Prisoner
It gives me great sadness to say that inside the Communist boot that now tramples upon your dignity is the foot of the American president, Barack Obama.
Germany Loses to Italy, Again
Poll after poll makes it perfectly clear that the German people have no interest in exposing their hard-earned savings to the ravages of unending bailouts and currency debasement.
European Leaders Play With Fire
The world economy today stands at the doorstep of great change. A gathering crisis looms in Europe, splitting the Continent into two competing blocs. While leaders there face off against one another in a high stakes game of chicken, the rest of the world powerlessly...
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