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The True Story of European Austerity
European governments that have cut spending and taxes have higher rates of economic growth than their neighbors. Then why do we hear lamentations from the…
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Coming Soon: A Dramatic Downshift In Company Size, Plus Hours Worked
A recent study on the impact on business growth of regulatory thresholds built into Italian labor laws is quite instructive of how this works. In…
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France Needs a “Power-Up” When It Comes to Labor Reform
In its annual country report released on Monday, the IMF turned up the heat on France for labor reform. The Washington-based lender called for…
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European Skepticism of Minimum Wage Falls on Deaf Ears in America
Spain’s central bank—operating within the European country with the highest rate of unemployment—just recommended to the government in Madrid a suspension of the minimum…
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Does Austerity Really “Kill”?
Does austerity kill? In a recent New York Times op-ed, David Stuckler and Sanjay Basu claim that fiscal austerity leads to a worsening of health…
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The Doctor Is In, America: Get With the Estonian Program
Don’t let the optimism surrounding last month’s job numbers fool you. The unemployment rate’s decline from 7.6 percent in March to 7.5 percent in…