Spain, Italy and other troubled countries have begun taking steps to improve growth by deregulating their labor markets, removing barriers to entrepreneurship and other measures. But such changes typically take years to bear fruit and in the meantime stir political turmoil because of resistance from unions or other interest groups.
Jack Ewing, Euro Zone Economy Declines, Putting Pressure on Leaders via NYTimes.com
Ok, stop. ‘Improving growth by deregulating labor markets’? Is this Fox News? No, this if the NY Times. Let’s clarify: you don’t improve grwoth by deregulating labora markets. Look at Germany. It hasn’t deregulated its labor markets, and its the healthiest economy in Europe.
I know the NY Times editors do spell checking: could the please do dumb checking? Could the NY Times figure out what its economic editorial policy is, and stay consistent? Or, to turn that around, if they believe that deregulating labor markets is a good idea, why did they oppose Scott Walker’s efforts as the Governor of Wisconsin to break the public unions there?
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