Tag Archives: yobel

A Debt Jubilee Is the Only Way to Avoid a Depression

By Michael Hudson Source: The Unz Review Even before the coronavirus appeared, many American families were falling behind on student loans, auto loans, credit card balances and other payments. America’s debt overhead was pricing its labor and industry out of … Continue reading

Posted in culture, Economics, Financial Crisis, History, Inequality, Labor, Oligarchy, Recession, Social Engineering, society, Sociology | Tagged , , , , , , , , , , , , , | Leave a comment