Robin Klay teaches in the department of economics and business administration at Hope College in Holland, Michigan.
An economist’s reflections in a time of prosperity
For those who remember the days of recession, high unemployment and high inflation in the 1970s, the state of the American economy in 1999 is remarkable....
August 11, 1999
The credit revolution
Everyone seems to agree that America's moral fabric is being undermined by the unwise proliferation of consumer credit. We readily believe those who claim that easy credit fuels rampant hedonism and leads many to bankruptcy. Wistfully, we compare ourselves to ancestors who supposedly controlled their spending and never went into debt. We believe that our present affluence is a bubble that will surely burst.
June 29, 1999
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