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I'm not sure that chart shows that food has become dramatically cheaper. It measures food expenditures of families and individuals, but there were more and bigger families and fewer individuals in past times, so of course you're going to spend more on food when you're a 1950s family with 4 kids and one breadwinner than when you're a modern double-income couple with 0, 1, or 2 children.

I don't think you got Elizabeth Warren quite right. From http://motherjones.com/politics/2004/11/two-income-trap

"So we looked at the data for two-income families today earning an average income. What we found was that, while those families certainly make more money than a one-income family did a generation ago, by the time they pay for the basics -- an average home, a health insurance policy, a second car to get Mom to work, child care, and taxes -- that family actually has less money left over at the end of the month to show for it."

As for houses, you have to pay an arm and a leg to not live in a neighborhood that has crime problems that didn't exist in 1960.

An average home is considerably bigger now than in 1970. Health insurance pays for more medicine than in 1970 and probably has a lower deductible as well. Two cars > one car. So that indicates we have considerably more stuff than we did in the past.

In any case, Warren shows incomes increased about 75%. Housing increased similarly, health insurance and other such goods increased less than 75%, and tax was the biggest increase at 140%.

(In the book, she presented the tax numbers in a strange way, completely differently from all her other numbers which confused nearly every reporter who wrote about the book.)

Your presentation is kind of one-sided. Warren concluded that modern families are worse off for a reason, as outlined in the Mother Jones article.

I cited Warren's data, which backs up my point: that everything besides tax has gotten cheaper between 1970 and 2000. She has an opinion which I didn't cite. So what?

More than just an opinion. For example, your Panglossian summary failed to mention that bankruptcies are through the roof. Elizabeth Warren is not stupid. She didn't come up with that opinion for no reason.

I doubt anyone else is reading this anymore so I'm not going to go into detail. I just wanted to correct what you said so others wouldn't be misled. You can have the last word.

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