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Explain It to Me

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The Psychological Power of Zero

The psychological power of zero is like always worth paying attention to here. Bernie Sanders and Donald Trump had a line they like to use about how American families haven't gotten a raise since 1999, by which they meant that median household income as adjusted by the consumer price index was below the 1999 level. When next year's data comes out, it is almost certainly going to show that median Household Income rose slightly. So we're going to go from you haven't had a raise since1999 to Americans are wealthier than they've ever been in all of recorded history.

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