Tuesday, August 23, 2011


Basically if the richest most awesomest country in the world can't provide, for most people who try reasonably hard (and a safety net for those it doesn't provide for), enough money to have a place to live, transportation, ability to raise a couple of kids and send them to college, have some nice things and the occasional vacation or night out, then we're doing something wrong.

That most economists are content to define the social welfare function as W=Real GDP is a problem