Bonus Quotation of the Day…

(Don Boudreaux)

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… is from page 22 of Eamonn Butler’s 2022 book, An Introduction to Economic Inequality:

Meanwhile, life expectancy has risen markedly, and infant mortality is now a rarity. People work fewer hours and take longer holidays. This is not ‘stagnation’, but a marked improvement that benefits lower earners the most. It narrows the real differences in living standards, but the statistics fail to account for it.