Since the Carter administration I have heard over and over again that the economy was on shaky ground. It may have been reported prior to that but I wasn’t paying attention until the mid 70s. So I am used to the reports that the sky is falling. What I have experienced, however is that prices will always eventually go up. Wall Street will bounce up and down. Some companies will go out of business and others will boom. And as always, the only thing that is certain is death and taxes.
Death, taxes and American competition. I think that it is in the water we drink. At a social gathering last month, a father of an American Olympian told the story of a bronze metal water polo match that the Americans won. An opposing player shook her head and explained that in her country she would have been a hero for being a bronze medalist. But, she exclaimed, in America these athletes will be considered the losers.