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Edison’s greatest achievement came in 1879, when he invented the electric company. Edison’s design was a brilliant adaptation of the simple electrical circuit: the electric company sends electricity through a wire to a customer, then immediately gets the electricity back through another wire, then (this is the brilliant part) sends it right back to the customer again. This means that an electric company can sell a customer the same batch of electricity thousands of times a day and never get caught...the last year any new electricity was generated in the United States was 1937; the electric companies have been merely re-selling it ever since, which is why they have so much free time to apply for rate increases.

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Dec 22, 2025

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Quote Author: Charles Kuralt

Charles Kuralt

Charles Kuralt

Charles Kuralt (10 October 1934 - 4 July 1997) was an award-winning American journalist. He was most widely known for his long career with CBS, first for his "On the Road" segments on The CBS Evening News with Walter Cronkite , and later as the first anchor of CBS News Sunday Morning , a position he held for fifteen years.

Kuralt's "On the Road" segments were recognized twice with personal Peabody Awards. The first, awarded in 1968, cited those segments as heartwarming and "nostalgic vignettes"; in 1975, the award was for his work as a U.S. "bicentennial historian"; his work "capture[d] the individuality of the people, the dynamic growth inherent in the area, and ...the rich heritage of this great nation." He shared in a third Peabody awarded to CBS News Sunday Morning.

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