Monty Pelerin's World

The troubles of our time strike us as new and unique. They are not. Interestingly the problem of Socialism or its early precursors are as old as mankind. This siren [...]

There are any number of areas that could be listed reasons for the collapse of Greece. This graph, from Dan Mitchell, is telling enough that it is probably not necessary to [...]

Despite all the hoopla about recoveries and green shoots, the western welfare states are a mess and it shows in markets. Their stock markets are below where they were in [...]

VodkaPundit has produced one of the best analyses of our current economic and political condition. Reagan’s approach and results to an economic crisis were described in the article: After choking [...]

Bill Bonner is his inimitable fashion reduces the welfare state to its simplest essence: The debt ceiling is distraction. It’s just an American nuance to a genuine problem that is [...]

Geoffrey Britain provides an informed speculation regarding Obama’s performance. There are two extreme interpretations of why we our economic situation is so dire: Obama is the most incompetent man to [...]

The Welfare State grows and grows and grows until it “runs out of other people’s money.” Then it collapses. To understand what is happening around the world, refer back to [...]

A lesson as to why the welfare state is immoral and makes a country poorer is contained from this article from FEE: Lessons From A Coat by Nicholas Snow The FEE [...]

Mark Thoma on Social Security: Without the institution of Social Security, households would have acquired more real assets. They would have had both more means and more incentive to do [...]

This is  a post that was scheduled weeks ago and somehow, like a sock in wash cycle, disappeared only to reappear at a later date. David Brooks’ article was so [...]

The day-to-day speculation regarding economic policy is irrelevant to all but speculators. The majority of the country is concerned about their future and when jobs will become plentiful again. For [...]

The welfare state has failed. All western welfare states are on the verge of political and economic collapse. All are insolvent and incapable of meeting their obligations. As shown here, [...]