Monday, September 25, 2006

Good post on living standards

In light of the ongoing debate on whether we are better off now than we were in 1973 I refer you to this post . (Note: the title of the blog is a topic we will be discussing shortly).

If you honestly believe that we are worse off now than we were back in 1973, ask yourself this question: If your salary after inflation was going to be $40,000 a year, would you rather have that salary in 1973 or 2006?

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