Economic Lessons for America

I’ve been asking anyone that will listen: “Greece is a microcosm of our future.  What do you think is going to happen there?  Are they going to declare bankruptcy and tell everyone they’re no longer open for business?”

A great article in Forbes about five lessons from Europe.  We need to pay attention:

1. Higher taxes means more government, not lower deficits.
2. A value-added tax would be a disaster.
3. A welfare state cripples the human spirit.
4. Nations reach a point of no return when the number of people mooching off government exceeds the number of people producing.
5. Bailouts don’t work.


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.