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What has the FED buying US Treasury securities to do with Europe? That's the opposite of what Europe is doing to handle the economic crisis. The ECB is defiantly not buying German securities or anything like this. Health care and welfare are completely different topics and don't have anything to do with the unemployment rate or economic growth, yet he mentioned them as example of how America became too European and that's supposed to have caused all these problems.

If the FEDs decision is the right one is another discussion, but the way he used Europe in this article to convey his point doesn't make much sense.

He mentioned healthcare also. Thus the way he is using europe is possibly to contrast between a hardcore capitalist system like the US and a more soft capitalist system like europe.

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