Eagle Forum Legislative Alerts

Wednesday, November 21, 2012

Leftist finds one good thing in the 1950s

Leftist NY Times columnist Paul Krugman writes about how he is nostalgic about the 1950s:
But the ’50s — the Twinkie Era — do offer lessons that remain relevant in the 21st century.
So does he miss the stable families, good jobs, stay-at-home moms, or recovery from disastrous FDR policies? No, the part he liked was the decline of the super-rich:
According to estimates by the economists Thomas Piketty and Emmanuel Saez, in 1955 the real incomes of the top 0.01 percent of Americans were less than half what they had been in the late 1920s, and their share of total income was down by three-quarters.
Other than that, he hates the 1950s because of Twinkies and McCarthyism:
congressmen asked, “Are you now or have you ever been?” The rest of us, however, are very glad those days are gone. We are, morally, a much better nation than we were. Oh, and the food has improved a lot, too.

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