The myth of the $140,000 poverty line

That is my latest piece for The Free Press, focusing on the claims of Michael W. Green.  Excerpt:

Most of all, there is a major conceptual error in Green’s focus on high prices. To the extent that prices are high, it is not because our supply chains have been destroyed by earthquakes or nuclear bombs. Rather, prices are high in large part because demand is high, which can only happen because so many more Americans can afford to buy things. I am reminded of the old Yogi Berra saying: “Nobody goes there anymore. It’s too crowded.”

There are now numerous excellent criticisms of the same piece, for instance by Scott Winship and Noah Smith.  As my piece was in the works, Green published this response to some of the criticisms.