07 May 2010

I Agree with Sachs?

Jeffery Sachs calls out the Wall Street Journal on the Huffington Post today.  I do not agree with his development models, but I am happy that he has decided to take on the misrepresentation of European welfare states.  Like development, why is it that reason and research cannot trump sloppy work and fear-mongering?

Just an excerpt:

The data are telling. It is the U.S. with by far the highest budget deficit as a share of GDP, the highest unemployment rate, and the highest poverty rate. America's productivity (defined as the purchasing-power-adjusted GDP per man-hour) is in the middle of the group, lower than in Norway and The Netherlands, and slightly higher than in Denmark and Sweden. The social welfare states have not hit the wall.

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