U.S. Economy Better than Ever

We're being told on a daily basis by Democratic candidates how bad things are, how the middle class is disappearing, how capitalism has failed, and we should embrace socialism. 

But that is not what's really happening. 

From the Washington Times:

2019 was a very good year, despite a dysfunctional Congress. A few weeks ago, a friend said she had noticed that clothing was getting less and less expensive and, in fact, many items seemed to be getting less expensive...

In the United States, there are more jobs than workers. Wages for all groups are rising faster than prices. What is particularly remarkable — and a very good sign — is that wages for the lowest income and least skilled are rising faster than other groups...

Medical advances are accelerating, with people not only surviving from many ailments that would have killed them a few years ago, but living relatively normal lives after serious cancers, heart operations and accidents. Recovering quicker and better after a medical problem is a cost reduction in the price of being ill. Serious medical scientists at leading schools now believe that we are likely to be able to reverse aging in as little as the next two decades — so hang on if you can...

The table below shows how little time you need to work, in contrast to 50 years ago, to buy the same stuff or much greater varieties of the same stuff. (In 1970, the average wage was $3.22/hour; today it is about $25/hour.)...

The real wealth and well-being of the vast majority of Americans have risen faster for the past three years than almost any time in history. The grumpy old nay-sayers are obviously wrong — pay them no attention and count your blessings.