It is a common misconception that low wages are the main factor influencing prices. The reality is that low capital costs, and the absence of taxation and regulation, are far more important. (Peter Schiff)

It is a common misconception that low wages are the main factor influencing prices. The reality is that low capital costs, and the absence of taxation and regulation, are far more important.

Peter Schiff

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absence common factor far influencing low misconception regulation taxation wages costs

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