Debtor nation
by Louis Hyman · first published 2011
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2HN commenters
2016–2019first – last mentioned
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The insanity in your comment is the idea that urban density is the statist / authoritarian / corrupt central planning piece. Try reading Louis Hyman's "Debtor Nation," particularly the bits on FHA and the creation of a national (and heavily subsidized) mortgage market. The sub/exurbs, the essential symbiotes of car culture, are the dirigiste statist artifacts. (yes,…
on “New Cities” ↗The Diner's Club origin story is a myth. Unsecured credit lending actually originated with retail department stores. Louis Hyman covers this story in Debtor Nation: The History of America in Red Ink (Princeton UP, 2011). https://www.worldcat.org/title/debtor-nation-the-history-of-... New Books in Economics podcast interview (Duration: 50:26): Published: Fri,…
on “A History of Visa” ↗