WSKG, March 6, 2012, Tuesday

WSKG

March 6, 2012, Tuesday

WSKG (full article/listen)

Borrow: The American Way of Debt

Consumer debt is a distinctly 20th century product. The history of debt -- where those mortgages, charge accounts, credit cards and layaway plans came from and how they work -- has now been told in "Borrow: The American Way of Debt" by Louis Hyman, assistant professor in Cornell University's School of Industrial and Labor Relations. It is a companion volume to Dr. Hyman's earlier book "Debtor Nation: The History of America in Red Ink".