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Tuesday, April 9, 2013

Margaret Who Died? Recalling Annette Funicello

Annette Funicello died yesterday, a sad day indeed for us remaining survivors of the baby boom. With tears in our eyes we recall those far-away halcyon days of innocence when real wages rose in lock-step with productivity, top marginal tax rates were over 70%, unions effectively protected workers rights, income inequality was at an all-time low, the boring banks were less than 4% of GDP, and the superpowers were free to test multi-megaton H-bombs in the atmosphere (even Charles Murray chokes up here).

And then along came Margaret Who (and somebody named Ronald R., can anyone remember?). After something called the Vietnam War, modest current account deficits and the breakup of Bretton Woods, inflation and the oil crises...

Those were the days. By the way, does anybody want to buy a Davy Crockett coon-skin cap?

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