Borrow : the American way of debt / Louis Hyman.
Title:
Borrow : the American way of debt / Louis Hyman.
ISBN:
9780307741684
Personal Author:
Publication Information:
New York : Vintage Books, [2012]
©2012
Physical Description:
x, 292 pages : illustrations ; 21 cm
General Note:
This title was purchased with funds made possible by a grant from the FINRA Investor Education Foundation through Smart investing@your library®, a partnership with the American Library Association.
Contents:
Introduction: everything old is new again -- When personal debt was really business debt (2000 BC-1920 AD) -- 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: the hidden world of securitization (1968-1986) -- The house of credit cards (1986-2008) -- Conclusion: turning the magic of borrowing into the reality of prosperity.
Summary:
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.
OCLC Number:
ocn724650219
Availability:
Apple Valley - Galaxie~1
