American Prosperity
10 February 2008
The Editor, New York Times
229 West 43rd St.
New York, NY 10036
To the Editor:
Yesterday, columnist Bob Herbert repeated the familiar refrain that America's middle-class is disappearing ("Where's the Big Idea?" February 9). Today, the Dallas Fed's Michael Cox and Richard Alm supply compelling evidence against this tired thesis ("You Are What You Spend," February 10).
As people all across this land, with their cell-phones nearby, watch a gazillion channels on their high-def flat-screen TVs or surf the web wirelessly or use their GPS systems to avoid getting lost while driving to malls in their air-bagged cars and listening to their MP3 players (or, perhaps, to their satellite radios), I do wonder what strange slice of America Mr. Herbert frequents to shield his eyes and ears from today's widespread prosperity.
Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
The Editor, New York Times
229 West 43rd St.
New York, NY 10036
To the Editor:
Yesterday, columnist Bob Herbert repeated the familiar refrain that America's middle-class is disappearing ("Where's the Big Idea?" February 9). Today, the Dallas Fed's Michael Cox and Richard Alm supply compelling evidence against this tired thesis ("You Are What You Spend," February 10).
As people all across this land, with their cell-phones nearby, watch a gazillion channels on their high-def flat-screen TVs or surf the web wirelessly or use their GPS systems to avoid getting lost while driving to malls in their air-bagged cars and listening to their MP3 players (or, perhaps, to their satellite radios), I do wonder what strange slice of America Mr. Herbert frequents to shield his eyes and ears from today's widespread prosperity.
Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
Posted by Don Boudreaux on
Tuesday July 1, 2008 at 6:30am