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1957

In quiet suburbs white children played on the lawn with Hula Hoops and Slinkies. Teenagers visited the soda shop for a chaste night out. Mothers had dinner on the table when dad came home from work. Elvis Presley and Marilyn

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Posted in Economics, Uncategorized

Where the inflation may be hiding

When reality persistently challenges a deeply held belief, believers can get a little weird. Conservative economist Amity Shlaes, never the steadiest of heads in the best of times, recently joined the frustrated ranks of the inflation cranks with a bizarre

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Posted in Economics

The iPhone, Poverty, and the Middle Class

We often hear that incomes at the middle and lower tiers have been stagnant since the 70’s. It is true, but that statistic misses some important nuances. We can measure incomes and compare them to an inflation rate, but that

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Posted in Economics, Ownership Society
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