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Angela Merkel has caused cultural blowback with seemingly unchecked migrant flows while simultaneously harming business with higher taxes and more anti-business regulation. The results have not been great.
While Elizabeth Warren may be correct that the system is broken, she is quite wrong in how and why it is broken — and how to fix it.
So far, the EU has required that all states approve any tax increases in a unanimous vote. Unsurprisingly, the EU elites find this limitation very inconvenient.
BiographiesThe EntrepreneurFree Markets
Big firms that dominate the marketplace have never had much of a problem with government regulations that keep new competitors from springing up.
Taxes and Spending
Wealth creation and savings are a far better indicator for economic prosperity than the "job creation" sought by politicians who use tax incentive programs for political purposes.
BiographiesAustrian Economics Overview
EU negotiators have done all they can to hinder the Brexit process. But freedom from the EU's trade straitjacket would, of course, be best for the UK.
Global EconomyTaxes and SpendingWorld History
It's important to make the moral case for lower taxes, but we shouldn't overlook simply defending institutional competition.