a little more McLuhan (& maybe Pynchon)

[Tom Beshear]

It would be nice if saving became a long-term habit for Americans, not just 
something we do when times are tough. Less consumer credit would be a good 
thing.

----- Original Message ----- 
From: "alice wellintown" <alicewellintown at gmail.com>
To: "pynchon -l" <pynchon-l at waste.org>
Sent: Wednesday, August 24, 2011 8:10 AM
Subject: Re: a little more McLuhan (& maybe Pynchon)


> Why are Americans saving more? Is it because the government passed
> laws to protect them from slick banks who lend them money? No. Is it
> because financial illiteracy has been reduced from near 95%? No. It's
> the economy stupid. Americans are not as dumb as they look. They
> understand what they are gettting inot when they leverage their houses
> to the moon. Now, they have to get out of it. Save money. Americans
> will never understand or want to understand money.