I’ll discuss the presidential election and the future of liberty at the Amherst Political Union, Amherst College in Massachusetts, on Tuesday night. The lecture will take place in Chapin Hall at 8 p.m. and is open to the public.
Mass Production Equals Mass Consumption
[R]elative shares in national income have remained substantially constant over the last hundred years. This, however, is true only if we measure them in money. Measured in real terms, relative shares have substantially changed in favor of the lower income groups. This...