[link|http://www.mises.org/fullstory.aspx?control=1568|Ten Recurring Economic Fallacies, 1774\ufffd2004]
The future which we discount so freely honors our drafts on it. Six months [of] restraint avails to set us right, and our credit creations, as anticipations of future product of labor, become solidified.
-- Sumner
but how much longer can this go on?
Largely because of the influence of Christianity, the debilitating sin of envy has no social standing here...
ah,... "keeping up with the Jones" mean anything to you?
...there is the tradition of law, respect for private property, tradition of profit, and contractual freedom.
these are being eroded