Just ran across this 2007 report from the Treasury Department. Combine it with this from the Red Cross and World Bank data, and we get a picture of how Americans migrate (from a global perspective) between modes of lowly relative prosperity to the heights of lavish comfort. Key extracts below. (Emphasis mine) There was considerable [...]
Entries from October 2011
October 11th, 2011 · No Comments · Economics
Dan Mitchell of the Cato Institute has created a revealing flow chart that perfectly captures a rant I’ve been making verbally for 20 years. I should probably print it out and carry it around with me it comes up so often. After looking at this, one might wonder why anyone invests at all.