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
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