Bonus Quotation of the Day…

by Don Boudreaux on November 7, 2017

in Balance of Payments, Myths and Fallacies, Seen and Unseen, Trade

… is from Bryan Riley’s superb Forbes article from this past September 14th:

When a company like BMW or Hyundai builds a new U.S. factory, the BEA calls it a “U.S. incurrence of direct investment liabilities.”  A clearer and more precise description would be “new job-creating investments in the United States.”

(Pictured here are BMW’s facilities in Greer, South Carolina.)


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