Very Bad News for Europe’s Young People

“Big business, big labor, and big government are getting together and considering a €100 billion slush fund that will line their pockets.  They want us to believe this will lead to more jobs for young people, but they overlook (and hope we’re unaware of) Bastiat’s warning about the seen and the unseen. Expanding the EIB will simply divert resources from more productive uses. So what’s the answer? Here’s what I recommended as part of some speeches earlier this month in Europe. I began with what should be a common-sense observation that businesses won’t create jobs unless they think new workers will add to the bottom line.”

http://danieljmitchell.wordpress.com/2013/06/27/very-bad-news-for-europes-young-people/

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