Tuesday, August 9, 2011

Tuesday morning reads

How much of our expenditures are spent on goods and services made in China? Even I was surprised by how low the number is - only 2.7%. We're not wealthy because China is making cheap goods for us, we're wealthy because even for all its flaws our system works the best.

http://www.frbsf.org/publications/economics/letter/2011/el2011-25.html





Ever since reading Freakonomics I've had a bit of an obsession with reading about prostitution. This article is titled "Why do women become sex workers and why do men go after them?" 

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