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Oh, I'm just saying that the 50s were "the glory days" because there was no shortage of jobs, relatively low inflation (IIRC?), high housing demand, etc. Colleg
by gavanwoolery 12y ago
Oh, I'm just saying that the 50s were "the glory days" because there was no shortage of jobs, relatively low inflation (IIRC?), high housing demand, etc. College degrees (up until maybe as late as the early 90s) used to guarantee you a good job, and student debt was far lower, and overall there are many factors that you can't necessarily correlate directly to economic policy (IMHO). A lot of our jobs are going overseas (but they are jobs we don't particularly want, I suppose). That goes as well for current economic policy I think - for example, we see a lot of growth in Silicon Valley even though California is no haven for businesses (albeit many of those get registered in Nevada).