Some things in life are very dependable. Every year, for instance, the swallows return to Capistrano.
And you can also count on Dan Mitchell to wax poetic about the looming collapse of French statism.
Back in 2011, I said France was engaged in economic self-destruction.
In September 2012, I wrote that it was time to start the countdown for France’s fiscal crisis.
In October of that year, I pontificated about France’s looming fiscal suicide.
Last April, I warned that the fuse was burning on France’s fiscal time bomb.
In June of 2013, I stated that the looters and moochers in Francewere running out of victims to plunder.
And in October of last year, I expounded on France’s economic death spiral.
Geesh, looking at that list, I guess I’m guilty of – in the words of Paul Krugman– being part of the “plot against France” by trying to discredit that nation’s economy.