Germany’s Jobless Racket

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Newsweek:

"As long as the government is more interested in shuffling the jobless between useless projects and playing with the numbers instead of tackling real labor market reform, it will be a long time before Germany is working again. Absurd laws such as those passed last week only feed the vicious cycle, in which ever higher taxes to finance ever more spending and ever more bureaucracy destroys more and more jobs. For Germany the choice is stark: cut this monstrosity down to size, or pay the price of stagflation. An underemployed and overtaxed Germany will only drag itself down

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