Euro-style social safety nets encourage Euro-style long term or structural unemployment.

FORBES: The Rise in Structural Unemployment in the US Recession

And what I fear is that the Great Recession has moved the US towards European levels of structural employment, without any kind of Euro-style social safety net.

FORBES: The Rise in Structural Unemployment in the US Recession

First, Bernanke-style policies "weaken incentives for politicians to pursue structural reforms, including fiscal reforms, " he says.

WSJ: The Weekend Interview With Leszek Balcerowicz: The Anti-Bernanke