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Americans’ living standards are at an all-time high. Here’s proof

Progressives claim that despite the (old) New Deal, the Great Society, and Obamacare — the incomes of the vast majority of Americans have stagnated for three decades and that income distribution remains disturbingly unequal and must be fixed with more progressive taxes.

Who would know better than Joseph Stiglitz? After all, he is a Nobel laureate in economics. In 1972, I took Stiglitz’s course on microeconomics in Yale University’s PhD program. He gave me a good grade, so I like him.

In a New York Times article last month titled “Progressive Capitalism Is Not an Oxymoron,” Stiglitz lamented: “Despite the lowest unemployment rates since the late 1960s, the American economy is failing its citizens.

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