I just returned from India last week, and it became so clear to me that this dark age was accelerating. Mostly those thoughts arose as I reflected on the economic situation. I began to remember the price of things when I was growing up. Just a few: Gas was nineteen cents a gallon My college tuition for room and board was $800 dollars a semester My two-family house in Brooklyn with large backyard was $36,000 Our family doctor, Ralph Burke, made house calls for $10 Our middle-class family rented a bungalow in the Catskills for the summer for a few hundred dollars My graduation gift from my parents for college was a new Volkswagen Beetle that cost under $2,000 I could go on and on. The point is that even if you adjusted for inflation people were paying a fraction of what the same things cost today. The general standard of living of America has been going down fast. When I was reflecting like this, I chanced upon an article that added to my pessimism. It highlighted another growing…
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