Wednesday, June 05, 2013

Truly Awful News from Europe

Europe's Record Youth Unemployment: The Scariest Graph in the World Just Got Scarier - Derek Thompson - The Atlantic: Youth unemployment rate in Greece hits 62.5%. Has there ever been a society so many young and highly educated people unemployed? This kind of mass irrationality can never come about by the actions of individuals alone--individuals can only afford to be stupid for so long. Long term mass stupidity requires government.

No comments: