The false bipartisan narrative on the economy

Today’s bipartisan Cassandra caucus includes Democratic Sen. Elizabeth Warren (“ the rich get richer, while everyone else falls behind ”) and Sen. Bernie Sanders (“ our standard of living has fallen ”) and Republican Sens. Marco Rubio (“ we have been left with an economy and a society no one is happy with ”) and Josh Hawley (“ Over the last several decades, inflation-adjusted wages for the working class have barely budged ”). The caucus says the U.S. economy is primarily producing disappointment, even misery. This narrative is largely false, yet can be self-fulfilling.

Fortunately, Michael R. Strain ’s just-published […]

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