Sublime

Hypothesis 1: The "golden age" hypothesisThe "golden age" hypothesis says there are one or more "golden ages" from the past that were superior at producing innovation compared to today. Perhaps understanding and restoring what worked about those "golden ages" would lead to an explosion in creativity today.

George Stigler, a thirty-five-year-old economist at the University of Minnesota. Inflation had diluted the 40-cent minimum wage, and people were calling for an increase to 60 or even 75 cents an hour, which translates to $9.51 and $11.88 in June 2022 dollars. “Economists have not been very outspoken on this type of legislation,” Stigler wrote. “It

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