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Praxeologue
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Amusing to watch ministers try to extrapolate the behaviour of a few into a general conclusion about a poor moral culture... erm... those in glass houses? A libertarian would call down a plague on both their houses.
Steve, I agree with your observations about an American's standard of living now vs past but think unless America changes direction quite radically they will follow the path of Europe where your observations would resonate with very few as regards a European lifestyle now vs past. Regards.
More data on cheaper and smaller devices is great. But, I presume the comment on this specific observation as supporting no great stagnation is tongue in cheek? We wouldnt say the CPI is low because one component was low...
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Jul 3, 2012