U.S. Versus Europe: No Winner
Posted: January 21, 2010 | Author: Daniel J. Smith | Filed under: Economic Freedom, Europe, Socialism | 1 Comment »“As Mankiw notes, average income in the U.S. is around $47,000. Adjusting for purchasing power, in Britain and Germany it is around $36,000; in France, $34,000; in Italy, $31,000. Overall, U.S. living standards are more than one-third higher than in Europe.”
http://www.nationaljournal.com/njmagazine/wn_20100116_2302.php
