ARNOLD KLING
August 14, 2011
The Top Political Contributors
August 11, 2011
Gender and the New Commanding Heights
August 11, 2011
Jamie Galbraith Makes an Assumption
August 11, 2011
Macroeconometrics: The Science of Hubris
August 10, 2011
Real and Nominal Bond Yields
BRYAN CAPLAN
August 14, 2011
The Effect of Thumb Sucking on Income
August 12, 2011
The Voice of Cold, Hard Truth to All Would-Be Educators
August 12, 2011
Ability, Morality, and Prosperity: A Paper and a Report
August 11, 2011
The Theory of Time and Frittering
August 10, 2011
Male Variance and the Remnants of the Gender Gap
DAVID HENDERSON
August 9, 2011
Hayek in "Unbroken", Part Two
August 8, 2011
Hayek in "Unbroken"
August 5, 2011
James Bovard on the Peace Corps
August 4, 2011
Summers Way Off on FDR and 1941
August 3, 2011
The "Amazon" Tax


While it may be a fact that the poor in the US are still rich by world standards, how can a reasonable person convey this reality without sounding cold-hearted?
If you aren't cold-hearted but people think you are, their opinion says more about them than it does about you. Better not to worry about them and to find different people to hang around, ones who see you more accurately.
To have a telephone, car, computer is good. But that does not mean poverty does not exist. Not to have telephone, car, computer is not great. But that doe not mean poverty exists.
We know that absolute poverty exists if one has to be worried about food, shelter and clothes. Relative poverty exists if we can't keep up with the Joneses.
In America, one may have telephone, computer and car but he/she may be too worried about paying bills for food, clothes and shelter.
In a poor country, one may grow food, wear minimum clothes and have a hut for shelter. He may be not be as stressed as an American in credit card debt.
In that case, who is poor? American or the poor country's individual?
So, it may be a good idea to find measures of 'stress' to measure poverty and not the number of telephones or cars or computers if our goal is to live a stress free life.
Kedar,
I-bankers and CEO's are entrenched in poverty by your "stress" standard!
Let's stick to defining poverty as not having stuff, while realizing that no one needs anything (no, not even their life). Also, your stress free standard is more unrealistic than even the Libertopia I try to construct my reality around :)