Professor Mark J. Perry's Blog for Economics and Finance
Posted 10:09 AM Post Link
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This video compares economic data. Fine. Let's hope the data is computed correctly and comparable.
I wouldn't mind getting a few more French-like women...
"Let's hope the data is computed correctly and comparable"...So FJ, what sort of data do you think is being manipulated to make socialist France to look worse off economically than the US of A?
I'm very sure the comparison looks less favourable when you adjust for workforce growth.
This nice lady doesn't mention the fact that in France (and in many other countries in Europe) GDP per hour worked is higher than in the USA. So actually French are 'poorer' because they work considerably less.As for the difference in GDP growth, I am sure that the difference is considerably smaller if you adjust the data for population growth.
My husband, who was born in Belgium and has all of his family living in Belgium, can attest to the fact that people are so overtaxed that they cannot even go out to dinner because it is so expensive. A family member who owns a business there also participates in the common practice of many businesses of hiding their assets and working "under the table" just to post a profit. There are so many regulations under socialsim, such as that all the adult siblings had to support their one sibling because she did not want to work. Can you imagine being a forty-year-old in this country with a family of your own yet have to legally support a family member because they do not want to work? All you people who praise socialism and want the US to live under socialism realize this: there is no individual freedom or liberties, no free press (yes, it's true, the press does not report realities, similar to the mainstream press here). WAKE UP AMERICA.
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Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.
Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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