Monday, January 31, 2005
(10:12 AM) | Adam Kotsko:
Credit Card
I saw Arthur Miller's American Clock, a Depression-themed vaudeville, this weekend, starring Thomas Edson McElroy. In it, McElroy's character says that when he saw that his company's stock price was still going up despite the fact that he had received no orders for three months, he knew that it was all smoke and mirrors and decided to sell all his stock and use the money to buy gold bars. I think a similar realization hit me today when I was approved for a new credit card with a 0% balance transfer, after writing on the application that I currently had no job and had made approximately $12,000 the previous year.(American Clock is very good and runs through this weekend; I recommend seeing it if you get a chance.)
