Here is an “off the wall” question for you readers: What has happened to the cost of auto tires in the last 40 years? Most people would say it has gone up.
That would be wrong. The price has gone up but the cost per mile has gone down. Today's tires vastly outperform yesterday’s tires.
The editorial “Many Americans still feeling money crunch” makes the same mistake. The fact is that the actual goods and services that middle- and lower-income families enjoy today are better than they ever were. If I think about what my mother had to go through to keep us fed I am amazed at the variety and price of foods available in stores today — and how often people eat out.