Kevin Standlee (kevin_standlee) wrote,
Kevin Standlee
kevin_standlee

What Color is the Sky on Your Planet?

Over on another community -- some of you reading this may still be following that discussion, too -- I had reason to question the economic assumptions of someone claiming that we're in a "bad economy." I asked how long we've been in a "bad economy." The reply, cut-and-pasted here exactly so I can't be accused of misquoting, was:
i think our economy has been in a primarily steady decline since the 50's with the occasional boost.
This is someone a few years younger than me. I was born in 1965 and grew up in different parts of northern California. I am not from a wealthy family, nor have I won a lottery. I'm pretty middle class, I reckon. For the record, I do not think that the US economy has been in a sustained 50-plus year decline.

It makes me think that the dot-com boom did even more harm than we thought at the time: it convinced some people that the running with a high fever is the "normal" state, and than anything else is a depression.
Tags: economics
Subscribe
  • Post a new comment

    Error

    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.
  • 10 comments