Mises Daily
Author:
T. Norman Van Cott
Cecil Bohanon
Online Publish Date:
The Chinese “yellow peril” was the late nineteenth century menace. And today, horrors, the Chinese and Indians are selling Americans things like computer software at bargain basement prices. In fact, when it comes to overall U.S. living standards, there is nothing special about outsourcing software technology. All that matters in this case is