Michael Peterson

While in Spain recently I observed that the country is being choked by regulations. On my first day, I realized that Spain doesn’t suffer from a labor shortage like in the United States, but something much worse—a sclerotic labor market marked by debilitating regulations. These regulations were most severe in the market for labor, but apply to other markets as well, as in … [Read more...] about Why Spain Routinely Has One of the Highest Unemployment Rates in Europe