A new kind of profit (Sowell)
February 18th, 2008 | Published in Business, Economics, Quotes
[In 2003,] Sears made more than half of its profits from its credit cards and Circuit City made all of its profits from its credit cards, while losing $17 million on its sales.
—Thomas Sowell, Basic Economics (3rd Edition, Basic Books, 2007), p. 99-100.