Sunday, November 28, 2004

Cheap prices and buying frenzies

My girl friend was oohing and ahhing about the cheap prices for appliances, such as a coffee maker for $6.99. All I could think of was how much somebody earned (or didn't earn) in making it. Henry Ford paid his people more than the going wage so they could afford to buy his cars.

We are in the middle of the buying frenzy known as Christmas. Watching it I feel as if I am witnessing one of the old Pac Man games as the little face gobbles up everything around him.

At the same time I see ads on television for storage sheds so people can store things they don't have room for.

Americans paid over $11 billion in late charges on credit cards.