Can the underground economy save Europe?

posted by
November 21, 2011
Ludwig von Mises Institute
by David Howden  
Posted in Commentary

"As the old saying goes, the more expensive you are to fire, the more expensive you are to hire. Nowhere is this more apparent than on the European continent. Even with the United States' lengthening of unemployment insurance benefits at the wake of this crisis, the benefits for the standard down-on-his-luck American pale in comparison to those of the average European." (11/21/11)

http://tinyurl.com/72ea7h7  

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