Prof. Edgar Feige: Shadow economy keeping U.S. afloat
[Watchdog.org] The so-called shadow economy in the United States accounts for as much as $2 trillion in economic activity, according to Edgar Feige, a professor of economics at the University of Wisconsin-Madison.
Thats larger than the GDP of Canada and India.
Feige says more people are participating in the shadow economy than at any time since World War II, when strict price-controls and rationing drove many people to the underground economy for goods and services.
Posted by: Besoeker 2014-04-21 |