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| Economy |
| Prof. Edgar Feige: Shadow economy keeping U.S. afloat |
| 2014-04-21 |
| [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. That’s 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. |
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