3 Comments

"Are we still slouching toward utopia?" We sure are if we are the median world resident.

Even in the richer countries, notwithstanding being below the "trente glorieuses" trend line can, anyone doubt that the slop is still positive?

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Except that many people do not think it is...

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It was just luck that Republicans happened to be in power when the Great Depression began;

I was just luck that the Fed blundered badly enough to produce a world Great Depression when Republicans happened to be in power in the US, Lenin in the Soviet Union, UK was on on the Gold standard at too low a price for gold, etc.

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