Tax and Spend

Moving data shows millions of Americans are fleeing high-tax states for low-tax states.

ECB continues flooding Greek banks with cash to feed the bank run.

The ECB is buying bonds of European countries to keep their borrowing costs down, delaying and worsening the inevitable.

"Spending cuts don't seem to be as bad for the economy as tax hikes, so that's what Europe wants Greece to do."

More evidence the Keynesians are evil, not stupid.

More evidence.

"The troika plan for the Greek economy has already failed twice, and it will fail for a third time if the economically illiterate plan being foisted on Athens is adopted. Greece requires growth and debt relief, but the proposals currently being discussed provide neither.
As usual, the International Monetary Fund, the European commission and the European Central Bank will come up with forecasts showing that the latest set of austerity measures will boost confidence, promote investment, stimulate growth and lead to lower unemployment. As usual, they will be wrong. The recession will deepen and the crisis will return."

It just Austrians who know this.