All Posts Tagged With: "real wages"

The Balance-of-Payments Deficit: Not to Worry

Quick. What’s the trade deficit between California and the rest of the world? Don’t try Googling it because you won’t find an answer. No government agency—or private entity—computes the dollar value of goods that people in the rest of the world sell to or buy from Californians. Why not? Because it doesn’t matter. Yet governments [...]

5Jan2010 | David R. Henderson | 7 comments | Continued
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