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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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Roy Coffell
Natrona Heights, US
★★★★★ 1
Extremely diappointing
Style: 15" (2 x 2Ah)
I purchased a Greenworks Impact Wrench for my son. I was so so impressed with it that I purchased one for myself & decided to try their 2x24V 15" Cordless String Trimmer. Unfortunately just because a company makes one excellent tool doesn't mean that all their tools are good. The first problem I had with the trimmer was that it didn't come with the batteries or charger in the ad. It was supposed to have 4.0Ah batteries but came with 2.0Ah. In addition, more often than not, the manual didn't agree with actual parts & features. The trimmer requires two 24V batteries to operate. It can't be used with one battery even though it has a "low power" setting. On full power the trimmer had adequate power for most weeds but is no where near as powerful as a gas trimmer. The batteries only lasted about 20 minutes (this trimmer does not have a brushless motor). The 2 line feed head is not designed for easy reloading. In fact, it is the worst design I've ever owned. I've decided to return it & try one of their 2x24V brushless motor trimmers which should provide more power & has 4.0Ah batteries but costs significantly more.
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Reviewed in the United States on June 25, 2022
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Vermicious Knids
Fort Morgan, US
★★★★★ 3
CUSTOMER SERVICE IS TRASH - edited
Style: 15" (2 x 2Ah)
I bought this product and it arrived with one battery that doesn't charge out of the two. Without 2 batteries, it won't work at all. Attempted to contact Greenworks with the number Amazon provided. They were closed on the weekends. Called Monday and the message stated that customer support closed early. Attempted using the Chat option for help. It states the model number STE304, doesn't exist, so I couldn't proceed. Called on Tuesday. I have been on hold for over an hour and still nothing. Will update. After about an hour and a half on hold (yes, the offer the option of leaving a call back number, which I didn't use as I had to work from home to access customer service when they were open. Also, they needed me to try out stuff with the batteries and give them serial numbers, etc.) The lady I spoke to spoke English and appeared to be US based. Eventually, after doing the "did you restart it" version of troubleshooting, it was indeed determined my battery didn't work and they offered to ship me a new one at no cost. I then had to dispose of my non-working battery in the proper manner, and our yearly toxic garbage pick up coincided with this, thankfully. It took time out of my work schedule to get this resolved, but the lady I spoke to was great and I did get my battery about a week or so later, which I did appreciate. Customer service needs better access esp since you have to have the physical batteries and charger to get this resolved, which you may not be able to do while working. Maybe they can't find people to work as that seems to be an issue everywhere. The weed eater works fine. Updated from one star to three based on resolving issues and a dead battery upon arrival, rather than the actual equipment working.
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Reviewed in the United States on May 7, 2024
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K.K.
Los Angeles, US
★★★★★ 5
Recommend
Style: 2 x 2.0Ah
Works great BUT if you make this purchase go ahead and order handle extension because if you don't it will screw your low back up big time. Like I said works great cut great but I haven't tested the run time yet.
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Reviewed in the United States on May 23, 2026
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Scott C. Hart
Battle Creek, US
★★★★★ 5
Edged entire corner lot with a sidewalk on one charge of the batteries.
Style: 2 x 2.0Ah
Excellent. A bit heavier than my echo gas weed trimmer for reference. Fair balance but it is a bit of a workout. The good thing is I can edge a 10k sq ft corner lot in about 1/3 the time. On the corner, I have both sides of the sidewalk plus the curb side to do. I've owned gas edgers before also. This comes in comparable to the price I paid for one of those 20 years ago so I would also say a good if not very good value for the buck. It was not an initial edging but 1st maintenance for the year and rather overgrown. Didn't even use one full charge on the edger.
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Reviewed in the United States on February 24, 2026
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Krisgirl
Birmingham, US
★★★★★ 5
Amazing!!! Works great
Size: 9 inches
Works really well. Cit through my Saint Augustine grass like a breeze and it is super thick. Very happy with purchase. Battery has good life, charged it for a full 24hrs before use and it last a long time. They send 2 blades and the battery with charger which is a huge plus because everything else I looked at you had to purchase those separately and it was just as much as the edger. This is a great deal and worth the money. Highly recommend 👌
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Reviewed in the United States on April 18, 2026

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