40 YEARS AGO: June 1980.

• Author: Haisman, Robert

"The sound business practice involved here is to leverage your equity position through maximum borrowing, which carries an element of risk. Depending upon when you were born, or just how much 'remember the depression' philosophy your parents may have showered upon you, this could cut across your grain of thinking. But to get an economic leg up on inflation, you must become a part of our free-enterprise system. To accomplish this feat, to join the group, you will need to pay for your ticket on the way in. There are only three legitimate ways to acquire these means: earn and accumulate it (the depressionera legacy), inherit it (the lucky way), or borrow it (and that's what we're talking about here)."

ROBERT HAISMAN "Make the IRS Your Partner"

"The Carter crackdown is on us, the consumers--strongly implying, of course, that our hedonism is responsible for inflation. Credit cards--that marvelous convenience of capitalism that enables us to enjoy first and pay later--have, like installment credit since the 1920s, long been the bane of Christian moralists. Now they are to be curbed and made more...