Essay: THE PLEASURES & PITFALLS OF BEING IN DEBT

DEAR KERMIT," wrote Molly Gordon to her husband not long ago, "now that you are leaving your job of directing the federal budget, I suppose you will be taking on again your old job of directing our family budget. I read that you have attempted to steer a national course between profligacy and parsimony. Well, I have been trying to follow this middle-of-the-road course with our family finances, but I have discovered that it's in the middle-of-the-road that most of the accidents seem to happen."

Mrs. Gordon's tribute to her husband on the occasion...

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