What else have we given up? The Boston was manufactured in North Carolina and, in inflation adjusted dollars, would cost $19.09 now. The Bostitch was made in China and is far quieter than the Boston before its demise, though I don't recall how noisy it was back when Gangsta's Paradise was topping the charts. Regardless of the sonic claims, 22 years has netted us a tidy increase of $2.20 (or ten cents per year) to offshore this particular bit of manufacturing. I doubt pencil sharpeners will make anyplace great again, but it is an interesting little time capsule of low-end consumer appliances.
A friend recently posted a meme about rising income inequality to Facebook. One of the comments was a link to a piece from Economics Explained with the provocative title " How The Dutch Economy Shows We Can't Reduce Wealth Inequality With Taxes " I'm starting to see a pattern in these sorts of economics articles: 1. Make a pointed and contrarian claim about the power of economics to address a major issue in contemporary society (taxes won't fix inequality). 2. Compare related economics concepts that have much narrower definitions than the ones that drew in the reader (GINI vs income & wealth inequality vs a few specific aspects of Dutch taxes and culture). 3. Add some artfully selected facts to keep people interested (Heineken family info). 4. Also artfully avoid saying explicitly that the narrow comparison proves or disproves anything specific about the broader societal problem. 5. Make a generally agreeable statement about the world: Inequality doesn't ...

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