Notice how, when things came tumbling down, Alan Greenspan, the now former chairman of the Federal Reserve, becomes the scapegoat. But what about us — yes you reading this newspaper? Snake oil requires a buyer. We wanted to believe the sky was the limit when it came to prosperity; indeed, we came to believe there were no limits. Home values were supposed to go up every year, along with a booming stock market. And with our increased profits we bought more stuff, renting public storage units for the overflow, because marketers told us stuff would make us happy. When we didn't achieve happiness through material gain, we bought more stuff, believing the pot of gold was just at the end of the rainbow and surely our new and expensive (naturally) GPS system could find it.
Cal Thomas, syndicated columnist