Why is the US so Cheap? – Part 2
This is a response to the comments on the last post “Why is the US so Cheap?” I had argued that the US is more efficient in producing stuff compared to India. The people in the US are more productive because they don’t face as many hurdles – they have bigger and better machines, they use more energy, they have more economic freedom, and so on.
Economic freedom is a matter of policy. Policy is made by people who are entrusted to …