On episode 98 of The Charles C. W. Cooke Podcast, I talked to Scott Winship about whether everything is awful. Has the middle class disappeared? Is it impossible for young people to buy a home? Why do people say that one can have a ‘1950s living standard if one wants one’ when regulations make that tough? Is society worse than it was in the 1950s or 1970s? Is the new poverty line really $140,000? If not, where is it? Is the poverty line a useful measure? Is it likely that there will be a political war between the generations? Is there a ‘two income trap’?
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