"She planted that terror of debt so deeply in her children that even now, in a changed economic pattern where indebtedness is a part of living, I become restless when a bill is two days overdue. Olive never accepted the time-payment plan when it became popular. A thing bought on time was a thing you did not own and for which you were in debt. She saved for things she wanted, and this meant that the neighbours had new gadgets as much as two years before we did."

Credit Money Economy Saving

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About John Steinbeck

John Steinbeck was an American novelist whose works portrayed social and economic hardship in twentieth-century America. He won the Nobel Prize in Literature in 1962.

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