American consumers have done fabulously well in recent decades
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TheMoneyIllusion nsumers will do well. During Mao’s 27 years in office, China lacked a democratic form of government, private property rights, freedom of the press and an internet. Therefore . . . ???? And BTW, <span>American consumers have done fabulously well in recent decades, at least in terms of autos, TVs, phones, cameras, internet, entertainment choices, restaurant quality and choice, cheap clothing, etc., etc., etc. PS. I have a related post at Econlog. Summary
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