[lbo-talk] Brad DeLong's dubious view of layoff restrictions

[Jerry Monaco]

These economists always ignore the real-existing economy in the U.S., as
opposed to the economy that only exists in their heads.

Isn't unemployment simply counted better in places like France and German
than the U.S.?  Wouldn't a more realistic accounting of unemployment and
underemployment and misemployment in the U.S. reveal that a "flexible" labor
force does not provide much more than the inflexible kind in Germany and
France?  And isn't Germany still overcoming the hangover of putting out of
business most of the "inefficient" enterprises in the East?

Perhaps Doug or someone else can answer these questions for me.
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