Small government wins another election in Europe

By: Soren Dayton (Diary)  |  March 7th at 12:05 PM  | 

Forgive me for being a broken record on this, but the right has won yet another election in Europe, this time in Estonia. Last June, I wrote that Keynesianism is dead in Europe as a political force. This weekend, the Estonian right has won another election fought over government spending. The coalition of the right went from 44% of the vote in the last parliamentary | Read More »

Keynsianism is dead in Europe

By: Soren Dayton (Diary)  |  June 28th at 01:05 PM  | 

The G-8 and G-20 meetings in Canada were remarkable in historic terms. European governments criticized the United States for being spendthrift. Brazil provided political cover to the US on behalf of the developing countries. This has been a consequence of something truly remarkable happening in Europe. Keynsianism has lost in Europe. There is no political support for it. And Barack Obama got hit in the | Read More »