"During this period, debt exploded. In 1960, Americans’ personal debt amounted to about 55 percent of national income.

Our current cultural politics are organized by the obsolete culture war, which has put liberals on one side and conservatives on the other. But the slide in economic morality afflicted Red and Blue America equally.

If there is to be a movement to restore economic values, it will have to cut across the current taxonomies. Its goal will be to make the U.S. again a producer economy, not a consumer economy."