Nevermind the bleating of the leftists. Americans are doing much better than 30 years ago. Can anybody deny it? Just look at Clarkson University. They've doubled the size of the Quad parking lot, and the Pit parking lot. Now they're building another parking lot in the useless curvey space between the Pit and the Quad. The cars they're parking in that lot all have cruise control, power windows, power brakes, radials, and rack-and-pinion steering. Back when I was in Clarkson 30 years ago, cars with those features were considered luxury cars. Now? Meh, those features are all standard.
Yet the Krugmans of the world think we're no better off. Does anybody honestly think he's an economist? Can't we get MIT to say "Oops, sorry, Paul, can we have that PhD back?"
posted at: 21:42 | path: /economics | permanent link to this entry