#100 The Myth of Main Street, Louis Hyman
Nostalgia for the economy's "good old days" has great appeal for many Americans.
For the right, past decades bring back memories of Ronald Reagan, traditional cultural values and U.S. dominance in global affairs. For the left, post-war America was a time of stronger unions and less income inequality.
But "Make America Great Again" and other appeals to nostalgia come at a high price. Going back to a past with trade barriers, price controls and lower productivity would damage the living standards of many households they're designed to protect.
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