The European Central Bank just raised the real short-term interest in Europe to 2.0 percent. By contrast, the U.S. Federal Reserve Board allowed the real short-term interest rate to remain near zero for two years when the United States was recovering from its last recession between 1992 and 1994. The predicted result of the contractionary monetary policy pursued by European Central Banks is precisely the high unemployment that Germany and other European countries are experiencing. This point was recently argued in a statement signed by many of the world's most prominent economists. While it is certainly possible that Germany would benefit if more people would take the risk of starting a business, it is also possible that the United States is hurt by too many people taking this risk.
Most new businesses fail.
When they do, it often results in considerable resources being wasted. It has never made a profit, and its top executives still cannot predict when they expect it to be profitable. If an economy produces a large number of such unsuccessful firms, it would be an enormous drain on its productivity. In the absence of other evidence, there is no reason to believe that the rate of business creation in the United States is closer to the optimal rate than the rate in Germany. Finally, it is worth noting that the woman who lives in Missouri is a farmer.