Colin

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Politicians of inevitability and their acolytes like to talk about averages, but they are worse than meaningless. If Jeff Bezos is in a room with a hundred impoverished working mothers, their average wealth is north of $1 billion, but that means nothing to the women. If you have $12 million, and each of your ten friends has $100,000 in college debt, you and friends are, on average, $1 million in the black. But your friends can’t pay off their debts with that average. It only seems that the typical American has some money because the wealth of a few hundred families—again, a group the size of ...more
On Freedom
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