Wednesday, August 02, 2006

Income

There is always a great argument about how many people are "in poverty" and whether the number is growing or sinking. Inflation rates and the CPI are often cock-eyed or subject to varying interpretations. The best way to see it, as I see it, is to see what people have. Today, more people have air-conditioners, cars, living space, television, books --- than ever before. That's good.

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