Barbara Dafoe Whitehead of the American Interest has written an excellent article entitled: A Nation in Debt: How we killed thrift, enthroned loan sharks and undermined American prosperity. More than the usual panic about the amount of debt in the US, the article covers how the old American ideals of saving and thrift fell by the wayside.

[Click here for A Nation in Debt]

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Header photograph by The Consumerist

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