Where there can be shown to be no difference in labor cost, I am for free trade. But the difference must be determined by real experts who understand the use and limits of statistics. — Robert La Folette Copy Share Image
I find it remarkable that virtually all of the large difference in labor supply between France and the United States is due to differences in tax systems. I expected institutional constraints on the operation of labor markets and the nature… — Edward C. Prescott Copy Share Image