SKU: 84646461675

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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Bought this as a graduation gift for a sons friend who admired a similar one on vacation with us. He really liked it and it is a nice entry level dress watch for those who like to collect them. It was easy to adjust the band with a personal watch kit and was heavier than I expected.
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Premium quality at a reasonable price. Simple and elegant. I have yet to wear this watch without receiving multiple compliments, even in sweatpants on my way to the gym. I took it to a high-end jewelry store to have some links removed, the master jeweler there immediately commented on the quality of the movement and what an underrated watch Tissot makes. (Mind you, he had a table full of Rolexes, AP's and Pateks that he was working on) Very comfortable to wear, heavy enough to feel it on your wrist and light enough where it doesnt not become cumbersome.
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Great value. Good looks. Amazing timekeeping -1 second/day consistently. Silicium hairspring. Paired with Tissot T852.035.976 black leather strap.
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