Detailed text transcripts for TV channel - MSNBC - 20120117:21:46:00
Just a fraction of what it is today. you and i make almost double in real dollars what our parents made. just by virtue of the whole tide rising from more economic exchange with more countries. even though there's dips, the curve goes like a saw tooth. it's on the way up. compared to 10,000 years ago, everybody lived in dirt poverty. we're all wealthier. the problem is we have short-term memories. we only notice the immediate. and we also have something called loss aversion. losses hurt twice as much as gains feel good. we pay more attention to potential losses than gains. . we notice the dips...