Originally Posted by
Tightwad
Yes, I remember those days well when you and I were younger and just starting out.
Easy credit wasn't all that easy. People expected to pay their bills in full each month.
Rampant ,vast, all consuming, consumerism hadn't been invented yet.
Kids went to school to learn not get drugged up.
Well, the 60's just were more calm on the money front. Then came the credit card
and deregulation fostered by Reganomics and America when to *****.
'
Well, we remember the 60's alike at least...I'd be happy to return to those days, when as you say, mad consumerism wasn't really an issue. My memories of the 70's and early 80's are of the rampant inflation and 21% lending rates, that Jimmy (mad rabbit) Carter's administration brought that nearly destroyed the rural banking industry (where I was working at the time) as well as the farm economy. Reagan's administration restored a semblance of stability that enabled my family to leave the industry without losing everything we'd worked a generation to build, (though I wish we'd have sold out in '76)! The correction was extremely painful, but that wasn't Reagan's fault....this coming from a guy who voted for Carter both times. Hindsight is always clearer than foresight.