Charles Hugh Smith's Substack

Charles Hugh Smith's Substack

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Charles Hugh Smith's Substack
The Big Shining Lie: We're Better Off Now--No, We're Poorer, Much Poorer

The Big Shining Lie: We're Better Off Now--No, We're Poorer, Much Poorer

This is proof-positive we're not just poorer now than we were 40 years ago, we're much, much poorer.

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Charles Hugh Smith
Dec 11, 2024
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Charles Hugh Smith's Substack
Charles Hugh Smith's Substack
The Big Shining Lie: We're Better Off Now--No, We're Poorer, Much Poorer
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Armies of well-paid apologists, apparatchiks and propaganda peddlers--economists, pundits, statisticians, influencers--spend their entire careers pushing a big shining lie; we're more prosperous now than ever before. This is demonstrably false, as the truth--that we're much poorer than we were 40 or 50 years ago--would disrupt the status quo in which th…

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