Borrow : the American way of debt /
Louis Hyman.
- New York : Vintage Books, 2012.
- x, 292 p. : ill. ; 21 cm.
Includes bibliographical references (p. [259]-277) and index.
Introduction: everything old is new again -- When personal debt was really business debt (2000 B.C.-A.D. 1920) -- Everybody paid cash for the Model T (1908-1929) -- Fannie Mae can save America (1924-1939) -- How I learned to stop worrying and love the debt (1945-1960) -- Discounted goods and distributed credit (1959-1970) -- Bringing good things to life (1970-1985) -- If only the gnomes had known (1968-1986) -- The house of credit cards (1986-2008) -- Conclusion: turning the magic of borrowing into the reality of prosperity.
Provides key principles of both macro and microeconomics, discussing such issues as why budget deficits matter, what the Federal Reserve actually does, and why health insurance is so expensive.
0307741680 : PAP $15.00 9780307741684
Random House Inc, Attn Order Entry 400 Hahn rd, Westminster, MD, USA, 21157 SAN 201-3975
2011041427
Consumer credit--History.--United States Debt--History.--United States Loans, Personal--History.--United States
United States--Economic conditions. United States--Economic policy.