Arnold Kling takes Paul Krugman down a peg.
I note only that it is one of those it-would-be-funny-if-it-weren't-so-sad phenomena that so many of today's Liberals are now ascribing a kind of Golden Age to America of the late 40s, 50s, 60s, and 70s. Incomes were growing! There was relatively little economic inequality! Unions and government helped and protected the working man! The whole world loved and respected America! Children played and adults danced!
Then Reagan was somehow elected and America ran right off a cliff.
But I was alive for most of the "Golden Age" and all I can remember Liberals talking about back then was how much America stunk and how truly, terribly unhappy they were. About almost everything.
One might hypothesize that they'll never be happy. Too bad for them.