Last week I attended a wonderful conference in the university town of Tübingen, Germany, on “Debt: The First 3500 Years,” to bring ancient historians together … Socrates: debt and the cyclical rise and fall of societiesRead more
Debt
Posted inDebt / Economics / Finance / ToMl / USA Empire
Who got rich off the student debt crisis
A generation ago, Congress privatized a student loan program intended to give more Americans access to higher education. In its place, lawmakers created another profit … Who got rich off the student debt crisisRead more
Posted inDebt / Economics / ToMl
Socrates on Debt and Ibn Khaldun on the Cyclical Rise and Fall of Societies
This post is a fitting accompaniment to today’s Brexit vote, since it discusses debtor/creditor dynamics and debtor revolts. The Brexit vote was in many respects … Socrates on Debt and Ibn Khaldun on the Cyclical Rise and Fall of SocietiesRead more
Posted inDebt / Economics / ToMl
Fix our debt addiction to fix our economy
Our economy has increasingly been financialized, and the result is a sluggish economy with stagnant wages. Weneed to decide whether to stop the cycle and … Fix our debt addiction to fix our economyRead more
Posted inDebt / Economics
How to break our reliance on private debt
It will take the average Briton until they are 69 to be free of all debts, according to a new report. UK house prices are … How to break our reliance on private debtRead more
Posted inDebt / Economics / ToMl / USA Empire
Suspend Payments on $72B Public Debt
The Puerto Rican Senate and the House of Representatives there have both passed an emergency declaration authorizing the governor suspend payments on $72 billion in … Suspend Payments on $72B Public DebtRead more
Posted inDebt / Economics / Greece / IMF / ToMl
Leaked Memo Reveals IMF (Still) Wants Out of Greece Bailout and Plots to Pressure Germany to Act
While a leaked IMF memo does not represent a crisis, it’s awfully reminiscent of the bad old days of 2007 and 2008, where the really … Leaked Memo Reveals IMF (Still) Wants Out of Greece Bailout and Plots to Pressure Germany to ActRead more
Posted inDebt / Economics / Government / ToMl / USA Empire
Payday Loan Sharks Have Good Friend in Government
Sketchy payday loan sharks, whose short-term, high-interest loans trap millions of Americans in a cycle of debt, have a new ally on Capitol Hill—Democratic National … Payday Loan Sharks Have Good Friend in GovernmentRead more
Posted inDebt / Economics / Racism / ToMl / USA Empire
People Of Color Are Disproportionately Harmed By Student Debt Crisis
African Americans and Latinos have been disproportionately affected by the student debt crisis, according to a new study released on Wednesday by the Washington Center … People Of Color Are Disproportionately Harmed By Student Debt CrisisRead more
Posted inBank / Debt / Economics / ToMl / USA Empire
Armed marshals arrest man for old loans
Seven US marshals armed with automatic weapons turned up at Paul Aker’s home in Houston, Texas, last week to arrest him over a $1,500 student … Armed marshals arrest man for old loansRead more