... on the road to serfdom, that is!
BBC: More than 5.2 million Germans were out of work in February, new figures show. The figure of 5.216 million people, or 12.6% of the working-age population, is the highest jobless rate in Europe's biggest economy since the 1930s.
BBC: More than 5.2 million Germans were out of work in February, new figures show. The figure of 5.216 million people, or 12.6% of the working-age population, is the highest jobless rate in Europe's biggest economy since the 1930s.
WHY IS GERMANY DOING SO BADLY?! Well, Germany is a socialist economy with a socialist government - one allied to environmentalists. Their economy - and Continental Europe's - is doomed unless and until Germany - and France - elect Thatcherite/Reaganite governments which embrace Hayekian principles and cut taxes and reduce the size of government.
THIS IS NOT DOCTRINAIRE; HAYEKIAN POLIICES MAKE ECONOMIES GROW BETTER BECAUSE THEY LIBERATE PEOPLE TO BE MORE INDUSTRIOUS AND CREATIVE!
Great blog! I'm adding you to my blogroll.
ReplyDeleteHayek was soft, relying on the same "good samaritan" justification for government interference that J.S. Mill committed.
Mises and Rothbard deliver all the truths Hayek does, without his disturbing tinge of his socialist pre-Austrian days.