Money of the Mind: How the 1980s Got That Way
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Money of the Mind: How the 1980s Got That Way

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Money of the Mind: How the 1980s Got That WayThe 1980s witnessed a lemming like rush into the sea of debt on the part of the American industrial and financial communities, with consequences we are only beginning to appreciate. But the speculative frenzy of the eighties didn't just happen. It was the culmination of a long cycle of slow relaxation of credit practices the subject of James Grant's brilliant, clear eyed history of American finance. Two long running trends converged in the 1980s to

The 1980s witnessed a lemming-like rush into the sea of debt on the part of the American industrial and financial communities, with consequences we are only beginning to appreciate. But the speculative frenzy of the eighties didn't just happen. It was the culmination of a long cycle of slow relaxation of credit practices--the subject of James Grant's brilliant, clear-eyed history of American finance. Two long-running trends converged in the 1980s to create one of our greatest speculative booms: the democratization of credit and the socialization of risk. At the turn of the century, it was almost impossible for the average working person to get a loan. In the 1980s, it was almost impossible to refuse one. As the pace of lending grew, the government undertook to bear more and more of the creditors' risk--a pattern, begun in the Progressive era, which reached full flower in the "conservative" administration of Ronald Reagan. Based on original scholarship as well as firsthand observation, Grant's book puts our recent love affair with debt in an entirely fresh, often chilling, perspective. The result is required--and wickedly entertaining--reading for everyone who wants or needs to understand how the world really works.
"A brilliantly eccentric, kaleidoscopic tour of our credit lunacy. . . . A splendid, tooth-gnashing saga that should be savored for its ghoulish humor and passionately debated for its iconoclastic analysis. It is a fitting epitaph to the credit binge of the '80s."--Ron Chernow, The Wall Street Journal.



Binding Type: Paperback
Publisher: Farrar, Strauss & Giroux-3pl
Published: 05/01/1994
ISBN: 9780374524012
Pages: 528
Weight: 1.66lbs
Size: 9.05h x 6.11w x 1.26d

Review Citations: Publishers Weekly 05/23/1994
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SKU: 84646461675

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g lav
Louisville, US
★★★★★ 5
elephant book
Format: Board book
Darling book. My sister likes elephants and I like 12 days of Christmas; so saving this for her birthday gift. Hope she'll like my combining my likes with hers.
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Reviewed in the United States on February 22, 2020
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Lauren- The Smile Lines
Natrona Heights, US
★★★★★ 5
This is a great Christmas story that makes you chuckle and look at ...
Format: Hardcover
This is a great Christmas story that makes you chuckle and look at this traditional song in a whole new way! We fell in love with the characters. The illustrations are very detailed and tell the whole story!
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Reviewed in the United States on January 5, 2018
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Pierre Tonachel
Draper, US
★★★★★ 5
Too many gifts?
Format: Hardcover
Answers the question "Too many gifts?" Greg Pizziol's hilarious illustrations show chaos developing as Lords A-Leaping, Pipers Piping, Maids A-Milking, Swans, birds, drummers, etc. all arrive at Elephant's overcrowded home. A must buy for this Christmas.
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Reviewed in the United States on September 17, 2017
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mom2boys
Lake Worth, US
★★★★★ 4
Super cute!
Format: Hardcover
Cute and fun oral read for my 2nd graders❤️
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Reviewed in the United States on December 31, 2023
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Rachsand
Alexandria, US
★★★★★ 5
Great take on the classic song!
Format: Hardcover
My kids love the 12 days of christmas song! We were already fans of the author & really enjoyed the authors take on the song and the darling illustrations.
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Reviewed in the United States on January 15, 2019

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