Monday, July 11, 2005

Bill Bonner, author of The Daily Reckoning (and to my knowledge, no relation), is on a roll lately:
But that was when manufacturing was still a major part of the U.S.economy, when people still saved their money and invested it in newer, better, and faster production facilities, and when people still used the expression "you can't get something for nothing." Now, the nation's attention has shifted from making money to spending it; the nation's favorite business is no longer a manufacturer, GM, but a retailer, Wal-Mart; and "something for nothing" is practically the national motto.
http://www.dailyreckoning.com/Issues/2005/DR062805.html Well, okay, sure, I'm reading them out of order, too. But still...