Joe’s Reading Log

January 27, 2006

We’re Richer Than We’ve Ever Been Before

Filed under: Economics, Prosperity — Joe Martin @ 2:07 pm

We’re richer than we’ve ever been before. Don’t believe me? Don Boudreaux takes a walk through a 1975 Sears catalog:

Other than the style differences, the fact most noticeable
from the contents of this catalog’s 1,491 pages is what the catalog doesn’t
contain. The Sears customer in 1975
found no CD players for either home or car; no DVD or VHS players; no cell
phones; no televisions with remote controls or flat-screens; no personal
computers or video games; no food processors; no digital cameras or camcorders;
no spandex clothing; no down comforters (only comforters filled with
polyester).

It seems to me that people were poor back in the ’70’s.

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