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.)
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