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Are your beliefs based on misconceptions?
By Byron McNutt

IT’S FUNNY how many of our perceptions about things can be based on broad generalizations and misconceptions. I read an article last week based on the findings of a Wharton School of the University of Pennsylvania professor who was making a presentation at a Philadelphia conference.
He cited three misconceptions. The first was: Most of what Americans spend their money on is made in China. Fact: Just 2.7% of personal consumption expenditures go to Chinese-made goods and services. 88.5% of U.S. consumer spending is on American-made goods and

Tuesday, November 08, 2011 8:27 PM

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