Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
A key argument why Labor market liberalization is supposed to generate growth, is that it allows to deploy capital in the most effective way. But even if this is true, it can only work if capital is deployed at all. And to do this you have to have a central bank which is committed to keep inflation up (see Federal Reserve). Since this is not the case in Europe, labor market reform will be a major disaster.
by rz on Mon Oct 6th, 2014 at 03:37:03 PM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

Occasional Series