Wednesday, May 9, 2007

Economic Competitiveness Index

The US has come in at the top of a list of the most competitive economies in the world.

I think it says something regarding how uninformed most people are about the operations of an economy (and, for that matter, how reporters will often throw in completed unrelated information, especially at the end of an article) that the above linked article includes these gems:

"The US economy has remained the world most competitive, despite the country's soaring trade deficit, a study says."


"The upbeat assessment came despite recent record levels in the nation's budget deficit."

Oh, by the way, in case you were wondering, Venezuela came in last.


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