Retailers predict the economic equivalent of coal in their Christmas stockings. Who cares? As stated by Dr. Seuss’ Grinch, Christmas does not come from a store, and we encourage our readers to let the Grinch have Black Friday and the whole holiday shopping season. Young children can be taught the virtue of delayed gratification with the explanation that Santa Claus can bring them more if they wait until after Christmas. This is, of course, because the same amount of money can buy far more after Christmas.
Twenty or thirty years ago, there would have indeed been reason to care about holiday sales figures. The purchase of American-made goods would have enriched American workers and their employers, which would have in turn stimulated the American economy. The purchase of Chinese-made trash–and “trash” describes numerous personal experiences with it plus the well-known cases of poisoned pet food, contaminated heparin, and dangerous toys–stimulates China’s economy while it rewards importers for shipping American jobs offshore.