"US underground economy doubles from 2009 to 2012" A recent study by Edgar Feige, an economist at the University of Wisconsin-Madison, suggests that the size of the underground economy in the U.S. in 2012 reached $2 trillion. A study done by Friedrich Schneider, a professor at Johannes Kepler University in Linz, Austria, suggests that this figure was only $1 trillion in 2009. The underground economy, also known as the gray and black markets, is the business activity that does not get reported to governments and taxed. This underground economy includes everything from activities banned by the state, such as selling certain drugs and weapons, to off-the-books jobs in fields as diverse as childcare and construction. Read Full Story... http://www.examiner.com/article/us-underground-economy-doubles-from-2009-to-2012