Not being commercially minded, it took many years for me to understand why it is called Black Friday. To many people “black” indicates negativity, sort of the opposite of Good Friday which, when you think about it, doesn’t seem so good. After I was forced into jobs in the money-making business, I came to realize that budgets were written in black and deficits were written in red. Since my lifetime, with a few exceptions, has been a series of economic disasters following one another (the implications should be obvious) and businesses operate in the red while projecting budgets ever higher the next year. This model is, in a world of limited resources, the very definition of unsustainable, and yet we keep raising our sights and getting disappointed. Nobody knows for sure where the term Black Friday originated, but it is a modern term. A holiday for those who measure celebration in terms of dollars and cents. (Mostly dollars.)

As I was pondering this phenomenon, my thoughts turned to red letter days. Red here is a positive thing—special days on the calendar that let us step outside the usual routine of pushing ourselves to make this year’s budget and allow us to relax with family and friends. The black and the red have switched places here. In fact, red letters, apart from the dismal science, have historically been considered good. Think of the red letter editions of the Bible. These Bibles had the putative words of Jesus printed in red so that they would stand out. The concept dates back to the change of the twentieth century. Red letter Bibles caught on among Evangelical readers. Red letters, however, go back even further in history.

The book that Catholic priests used to set on the altar was a missal. Missals contained the instructions for saying mass, and during certain parts of the ceremony priests were supposed to make specific gestures. The places at which these actions were to be made were printed in red to draw the priests’ attention. They were called “rubrics” since they were written in red. Missals date back to the Medieval Period and they give us perhaps the first positive use of red writing that we know. Even further back in history when inks were organic, red writing was found. Epigraphers of antiquity know of red inscriptions but the meaning at that time remains speculative. We call this Black Friday because the one percent hope to get a bit richer. Those of us further down are supposed to enjoy the trickle. For me, in principle I don’t go shopping on Black Friday. I see it as a red letter day.