The last statistics from the OECD are unequivocal: the unemployment rate in France is and has always been well above the average for the OECD countries and also above the average of countries from the euro zone. This is a proof that the State is not the solution for unemployment.
Jobs and unemployment
In his testimony on Capitol Hill, the economist Russel Roberts is exposing the reasons why the The American Recovery and Reinvestment Act of 2009 (ARRA) has not the anticipated by government effect on jobs creation. He is pointing out that given the lack of success so far and the role uncertainty plays in the decision-making of entrepreneurs, investors and consumers, doing less might, paradoxically, be more successful than doing more, especially if the “more” that is done works in the wrong direction.
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