“credit” is P.C. for “lending money”

Book review:

American Bonds:

How Credit Markets Shaped a Nation

by Sarah L. Quinn

Princeton, NJ: Princeton University Press, 2019

288 pages

Quinn writes plain academic prose, and she has a lot to say.

“Credit” is a very polite way of saying “lending money,” which is a very polite way of describing what is elsewhere called “usury.”

It’s no surprise that lending money has been part of the social, economic, and political landscapes since money was invented, and certainly credit markets have always existed in America since colonial times.

American Bonds is a deeply engrossing text (it’s not a casual read) about how folks with money and businesses and the government have used credit availability for personal, corporate, and policy advantages. Credit has always been part of the American story.

You might try reading it a chapter at a time.

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