If I listen quietly, I can almost hear it eroding…
My standard of living, that is :
For the first time in more than 100 years, British living standards have risen above those of Americans, a report has declared.
Increasing incomes, longer holidays and “free” healthcare have all contributed to making Britons better off than our friends across the Atlantic, according to the respected Oxford Economics consultancy.
I’d say I’m shocked, but I’m not. I read the British papers, and their housing bubble has houses, even the ones in fairly shabby areas, priced at higher numbers than houses here, and their numbers are in £, which is running at slightly more than 2× the US dollar. If your bubble has regular houses selling for the equivalent of 1 million USD (and you’re in a state that’s not sitting on a huge puddle of oil that can underwrite this sort of extravagance,) it doesn’t say that much for the state that (legally) prints the US dollar.
At least it’s in nice symmetry with the collapse of our civil liberties and infrastructure. It would be terrible to have a functioning economy to go along with the bouncing baby banana republic the United States is becoming.
(via Sadly, No!)