TY - BOOK AU - Hyman,Louis TI - Borrow: the American way of debt SN - 0307741680 : PAP AV - HG3756.U54 H95 2012 U1 - 332.7/43 23 PY - 2012/// CY - New York PB - Vintage Books KW - Consumer credit KW - United States KW - History KW - Debt KW - Loans, Personal KW - Economic conditions KW - Economic policy N1 - 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 N2 - 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 ER -