Bigger Homes, Better Cars, Longer Lives: The Truth About Today
John Stossel
@stosseltvAbout
After 40+ years of reporting, I now understand the importance of limited government and personal freedom. ------------------------------------------ Libertarian journalist John Stossel created Stossel TV to explain liberty and free markets to young people. Prior to Stossel TV he hosted a show on Fox Business and co-anchored ABC’s primetime newsmagazine show, 20/20. Stossel’s economic programs have been adapted into teaching kits by a non-profit organization, "Stossel in the Classroom." High school teachers in American public schools now use the videos to help educate their students on economics and economic freedom. They are seen by more than 12 million students every year. Stossel has received 19 Emmy Awards and has been honored five times for excellence in consumer reporting by the National Press Club. Other honors include the George Polk Award for Outstanding Local Reporting and the George Foster Peabody Award.
Video Description
Nostalgic memes are all over the internet, spreading false messages like this: “Once upon a time, a family could own a home, a car & send their kids to college, all on one income.” But it’s just a myth. Activists and politicians use it so they can be the ones to “fix” it… with more government. Or socialism. ——— To make sure you receive the weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscribe-form ——— Columbia Business School Professor Jeremy Ney believes the meme, telling us that housing prices are much more expensive today. But economist Norbert Michel explains, in the "good old days” houses were smaller, and had less stuff. People could afford college, but hardly anyone went. And a family could own a car, but it rusted easily and lasted half as long as today’s cars.
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