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Financial writer Adam Smith on the "Roaring 80s"

Smith is host of a popular PBS television program and author of the best-sellers The Money Game, Supermoney and Paper Money. His new book, titled The Roaring 80s, looks at the previous decade, which he says has been characterized by easy debt, easy spending and an amiable hands-off attitude by Washington. Smith says a camparison with another era of high living - the roaring 20s - is unavoidable.

27:52

Other segments from the episode on November 29, 1988

Fresh Air with Terry Gross, November 29, 1988: Interview with Adam Smith; Commentary on Ricky Nelson; Interview with Christopher Hitchens; Review of Alex Shumatoff's book "African Madness."

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