diet coke for breakfast


Friday, February 20, 2004

Posted by Tanstaafl
The Economics of Progress (washingtonpost.com)

Recommended Reading. I also still recommend reading The Choice for a good understanding of why outsourcing isn't bad.

Even more recent than George Will's example is the example of televisions. Once upon a time, most TV's were made here in the US. Then Japanese firms started competing with better technology and lower cost. The US, shifted instead to making computers. Eventually, more and more computers will be made overseas, and we'll move into making something else.

UPDATE: Spinsanity confronts the distortions that Democrats are making of Gregory Mankiw statements (mentioned in the George Will article).


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