http://archive.mises.org/2374/the-myth-of-the-fiscal-straitjacket/ Proceeding Ever More Boldly Against Evil Wed, 19 Jun 2013 08:26:49 +0000 hourly 1 http://wordpress.org/?v=3.5.1 http://archive.mises.org/2374/the-myth-of-the-fiscal-straitjacket/comment-page-1/#comment-4525 Steven M Fri, 20 Aug 2004 04:59:21 +0000 http://blog.mises.org/archives/002374.asp#comment-4525 Europeans have a strong affinity for socialism. Only those who have sunk rapidly and deeply into its ethical-financial pit have some realization of its negative impact on the economy: Former Soviet Union states, Spain (regrettably returning to a kinder-gentler socialism due to their country’s pursuit of the war on terror). Of course, there is a huge European intelligentsia that have all sorts of arguments for the failure of socialist economies “corruption”, “organizational inefficiencies”, “financial straight jackets”, etc. that are fixed, they claim by just choosing the “right” bureaucrats, rather than by limiting or eliminating their power.

]]> http://archive.mises.org/2374/the-myth-of-the-fiscal-straitjacket/comment-page-1/#comment-4522 Dennis Sperduto Fri, 20 Aug 2004 03:43:10 +0000 http://blog.mises.org/archives/002374.asp#comment-4522 As this article starkly illustrates, having the EU police its member nations, especially regarding debt levels and deficits, is akin to the proverbial fox guarding the chicken coupe. Or, maybe in this case the fox and the chicken are one and the same. There will continue to be more of this type of nonsense in both the EU and U.S. until (at least) the following fundamental economic/financial reforms are implemented and strongly enforced: the complete renunciation of Keynesian economics and its fallacies; a return to a commodity monetary standard; an end to fraudulent fractional reserve banking and credit expansion; both international and domestic free trade; and, extremely limited government spending and taxation.

]]>