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Friday, June 13, 2008
Culture of debt
By VictorM:David Brooks, the conservative columnist for the New York Times addresses the evil of the culture of debt that has engulfed this nation:
The institutions that encourage debt and living for the moment have been strengthened. The country’s moral guardians are forever looking for decadence out of Hollywood and reality TV. But the most rampant decadence today is financial decadence, the trampling of decent norms about how to use and harness money.In a pretty good article, he names the major culprits. But where the hell has Mr. Brooks been for the last 30 years, when mostly fueled by Ronald Reagan's age of greed and declining government oversight, this new culture emerged and is still being peddled?
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Found a companion piece for you from the Atlantic Monthly called Inconspicuous Consumption.
Oh, and Bobo (Brooks) is an idiot.
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Oh, and Bobo (Brooks) is an idiot.
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