Z, > ... or wages, or personal debt, or bankruptcies, or the poverty level....
You can always pick-n-choose isolated data points.
Unemployment is well below 5% (what was the "full employment" level again?), yet wages supposedly suck.
Real estate boomed, but that was a result of more debt, and it's leading to more bankruptcies, fewer people able to afford housing, etc.
GDP is higher, but so is our trade deficit.
Cars are bigger, safer, and more luxurious, but demand for gas has driven prices to $3.50/gallon.
Everything is give-n-take, a big intricate system where nothing can be taken in a vacuum. Quoting Thomas Sowell:
"Implicit in the activist conception of government is the assumption that you can take the good things in a complex system for granted, and just improve the things that are not so good. What is lacking in this conception is any sense that a society, an institution, or even a single human being, is an intricate system of fragile inter-relationships, whose complexities are little understood and easily destabilized."
Tenchusatsu |
