Quote by James Grant

The 1980s are to debt what the 1960s were to sex. The 1960s left a hangover. So will the 1980s.

The 1980s are to debt what the 1960s were to sex. The 1960s

Summary

This quote is a metaphorical comparison between the societal attitudes towards debt in the 1980s and the attitudes towards sex in the 1960s. It suggests that just as the 1960s brought about a cultural shift towards more liberal and free attitudes towards sexual behavior, which eventually led to consequences and regrets (hangover), the 1980s would also witness a similar phenomenon related to debt. This implies that the excessive borrowing and consumerism of the 1980s may lead to negative consequences and a collective regret for society.

Topics

Debt / Borrow / Loan

By James Grant

Liked the quote? Share it with your friends.

Random Quotations

It began in mystery, and it will end in mystery, but what a

It began in mystery, and it will end in mystery, but what a savage and beautiful country lies in between.

Diane Ackerman, A Natural Histor

Discovery

Art has two constant, two unending concerns: It always medit

Art has two constant, two unending concerns: It always meditates on death and thus always creates life. All great, genuine art resembles and continues the Revelation of St John.

Boris Pasternak

Death

The fact is five months ago this was an issue that people we

The fact is five months ago this was an issue that people weren't really talking that much about. Because of the president's leadership, because he's brought it to people's attention, it's now a top issue.

There are men who dig for gold; [Monseigneur Bienvenu] dug f

There are men who dig for gold; [Monseigneur Bienvenu] dug for compassion.

Greed Gold Compassion Driving Forces

Friendship may, and often does, grow into love, but love nev

Friendship may, and often does, grow into love, but love never subsides into friendship.

Love Friendship

Common right is nought but the protection of all radiating o

Common right is nought but the protection of all radiating over the right of each. This protection of all is termed Fraternity. The point of intersection of all these aggregated sovereignties is called Society. This intersection being a junction, this point is a knot. Hence comes what is called the social tie.

Society Fraternity

Raw love, like raw heartache, could blindside you.

Raw love, like raw heartache, could blindside you.

Heartache Heartbroken

Death is a very dull, dreary affair, and my advice to you is

Death is a very dull, dreary affair, and my advice to you is to have nothing whatever to do with it.

W. Somerset Maugham

Begin to be now what you will be hereafter.

Begin to be now what you will be hereafter.

Action(s)

Many from the ignorance of these Maxims, and an inconsiderat

Many from the ignorance of these Maxims, and an inconsiderate zeal unto Truth, have too rashly charged the troops of error, and remain as Trophies unto the enemies of Truth: A man may be in as just possession of Truth as of a City, and yet be forced to surrender.

Truth Man Enemies Zeal

I hope that I'll be hot for a long time so I can make a lot

I hope that I'll be hot for a long time so I can make a lot of money, I can retire early, and just travel. Hopefully that will happen.

Kristin Cavallari

Travel

If you love somebody, let them go. If they return, they were

If you love somebody, let them go. If they return, they were always yours. If they don't, they never were.

Love