14 Points about New Money:
Lapham was famous for this book and other writing before he was famous for steering Harper’s Magazine and his other intellectual trendsetting.
Back in the 80s though this satirical masterpiece – “I went to Yale, moved to New York, and everyone is a phony” – is the non-fiction Tom Wolfe or the updated Holden Caulfield (“I am so sad today. Everything is fake and boring (in prosperous 1960s America).” Or also see the film Reversal of Fortune (innnnsulin said Klaus von Bulow).
But it is witty and insanely great, like those others too.
The link about is fourteen points about New Money. Read them and find yourself.
And the link below is a bunch more about the Reagan Me Decade when asset-growth wealth creation exceeded wage-paid income in America for the first time. Capital compounds. Wages don’t. Guess what happened since.
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