Krappy Krugman

Boudreaux on Krugman's admiration for the French economy. I think his point is (and it's right, even if it's not his point) that given France's policies, only the strongest will work, so the averages will look better for productivity statistics. That's why they produce as much as we do, per hour worked. I suppose it's better than having policies that accomplished the opposite, i.e., encouraging the worst workers to work and discouraging the best, but it's still bad long-term policy.