David Brooks, NYT, on the cultural anthropology/history of debt:
"The most rampant decadence today is financial decadence, the trampling of decent norms about how to use and harness money."
He's writing about this report, "For a New Thrift: Confronting the Debt Culture"
which is trying to address the explosion of both personal and social debt.
I love the idea of returning to thrift as a great American value and as a matter of social consciousness. With people my own age, I tend to talk about this idea in terms of financial integrity and sustainable spending. We are in an age where it's so crucial to be aware of the limits on resources of all kinds, to think of each other, and to plan for the future.