Interesting reading from the Atlantic Monthly

[alt.watch.obsessive]

Ignore the black/white issue...

Inconspicuous Consumption

About seven years ago, University of Chicago economists Kerwin Kofi Charles and Erik Hurst were researching the

[freddy333]

I was surprised to see that article in AM. There have been a number of similar pieces written over the years, but, due to the unavoidable racial inferences, they are few & far between due to the current politically correct environment.

[omni]

Thanks for sharing. Thus the reason for all the "multi-millionaire guy with the Timex watch" stories you keep hearing or better yet, $23 Billionaire Sam Walton (founder of Wal-Mart) who always drove an old Ford pickup to visit his stores. He didn't mind the wealth, just the ostentatious trappings of it.