“Saving is putting companies like Circuit City and Linens N Things out of business, as the vicious circle continues.”
Then let’s create compaines that EXPORT to other countries or produce goods that Americans NEED instead of just want.
In any case why go into debt for anything at either Circuit City or Linens N Things.
Not many more things foolish than going in debt for a TV. It would be funny if it wasn’t so sad.
We have too many stores and malls and not enough factories. As a result we have too much consumption and not enough production. This is why we are called consumers and not producers. We have brought down the world economy and we are now paying the price. Hyper inflation is right around the corner.