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Tricked Out Carriages Doom Lender
Dealbreaker —
... yearning for fax machines was given the green light. Before you knew it, the guys at Orange County Choppers were fitting carriages with dark velvet lining and battery powered LED lighting. But when the RV industry that fueled the drunken sailor spending hit the wall and started laying off workers, the Amish had a good ol' fashioned bank run on their hands and the local Amish lending cooperative saw its reserve fund wiped out. Sadly, the "plain people" are plain once again.
A Bank Run Teaches the 'Plain People' About the Risks of Modernity [WSJ] ...
Status games among the Amish
Marginal Revolution —
... and about $4,000 on
annual family vacations, he says. This year, there will be no vacation. It became common practice for families to leave their carriages home and take taxis on shopping trips and to dinners out. Some Amish families had bought second homes on the west coast of
Florida and expensive Dutch Harness Horses, with their distinctive,
prancing gait. Others lined their carriages in dark velvet and
illuminated them with battery-powered LED lighting. Most of the article concerns a recent bank run in an Amish community: Only Amish people can join. ...
