The Good with the Bad

(1) We never had it so good as in 2019. (2) Even persistently pessimistic Census data now confirm that household incomes rose to record highs last year. (3) Just a coincidence that standard of living rose to new record highs under Trump? (4) It’s done so under previous pro-business presidents. (5) Can we bury stagnation myth once and for all, please? (6) Real hourly wages up more than 1.0% per year since 1995. (7) Census still using CPI, while Fed uses PCED. (8) Falling average size of households reduces their average incomes. (9) Are the rich paying their fair share yet? (10) Income inequality isn’t a myth. It’s a consequence of capitalism-driven prosperity. (11) Can a housing-led rebound take us back to Heaven on Earth? (12) Movie review: “Defending Jacob” (+ +).