Europe's Failed Experiment

Larry Kudlow reminds us of a few of the differences between the U.S. and Europe:

Over the past ten years Eurozone growth is 2.0 percent annually compared to 3.3 percent in the U.S. Eurozone unemployment has averaged 9.2 percent versus 5.1 percent in America. Euro-style socialism has failed to deliver the goods or the jobs.

...Economic freedom, not protectionism, nor welfarist socialism, is the future. The sooner old Europe accepts this, the faster they will recover.

Meanwhile, Warren Buffett's huge bet against the dollar will soon be in the red (his break-even is estimated at 1.22 euros/dollar). This is what happens when you allow political beliefs influence investment decisions. Why anyone would bet on the euro is beyond me.