• The Myth of European "Austerity"

      The pushers of more "stimulus" say that Europe's stagnant economies prove that budget cuts don't work. Headlines announce: "Austerity Has Failed in Europe."

      But wait. How much has Europe actually cut? I'm thankful for this chart from Mercatus Center economist Veronique De Rugy:

      NO real cuts! Europe would do better if they did cut government and let citizens spend their own money. They'd spend it more wisely

      Milton Friedman put it best: "Nobody spends somebody else's money as wisely as he spends his own."

      TAGS
      Spending
      Austerity
      Europe