But once upon a time America was able to achieve full employment without a housing bubble and with savings rates even higher than we have now.

但以前，在没有房地产泡沫，储蓄率比现在还高的情况下，美国达到了全面就业。

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But once upon a time America was able to achieve full employment without a housing bubble and with savings rates even higher than we have now. What changed?

可是，一但美国不必依靠房产泡沫而实现充分就业，同时储蓄利息甚至比现在还高，看看什么会被改变？

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Once upon a time, it took actual talent to become a celebrity in America.

曾几何时，在美国你必须有一个看家的本事才能成为名人。

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Once upon a time, America was the Saudi Arabia of whale oil, the fuel of its day.

CNN: America, the Saudi Arabia of tomorrow

Once upon a time in America the most your kids could wish for was a two-hour stop at a roadside attraction.

NPR: Disneyland to Celebrate 50 Years

Once upon a time in America before the greedy 1980s, the bubbly 1990s, and the busted 2000s when people talked about planning for retirement they did not say they were investing for it.

FORBES: The New Retirement Plan: Save More, Invest Less