Eugene David
...The One-Minute Pundit

Saturday, April 09, 2005


I laugh at the CLUNKER BROTHERS but it's really not funny. Leafing through a long, dense biography of Walter P. Chrysler I learned the auto biz collapsed at least six months before the Crash of 1929; overproduction was largely to blame for it. Seeing this, and seeing the absurdity of the housing biz, I think, maybe things aren't the same, maybe we have too many computers for that, but the 1920s weren't the first time for eternal prosperity, nor will they be the last.

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