Steve Randy Waldman @interfluidity.com · Dec 22 (most of those are visible in the official stats, if arguably understated. a more current version of the chart below would show a sharp increase in housing since 2018, and that would from most people’s perspective be understated, given how housing quality along social dimensions has stratified.)
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(in the piece, my goal was to use the measure the more rose-colored side of the debate seems to prefer, and show that the terms on which they are using it — absolute level higher than ever! — is not really informative of whether the economy is good or bad.)