In a debate held at HSP on August 1, 2012, Princeton historian Sheldon Garon, author of Beyond Our Means: Why America Spends While the World Saves, and Rutgers historian James Livingston, author of Against Thrift: Why Consumer Culture Is Good for the Economy, the Environment and Your Soul, argue their respective cases for and against thrift. This conversation was moderated by David Blankenhorn, president of the Institute for American Values.