Last Thursday at Kansas State University I delivered a version of a talk that I frequently deliver: a talk in which I explore the often-heard assertion that ordinary Americans today enjoy a material standard of living no higher than ordinary Americans enjoyed in the mid-1970s. As I explain here, I believe this assertion to be utter bunk. (Thanks to my host at KSU, Dan Kuester, for the invitation and for his and his colleagues’ and students’ warm hospitality.)
1970s and Today
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