
Michael Hudson On Why The US Risks Becoming The Next Greece
Odd Lots
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Debt Forgiveness: Lessons from History
This chapter examines the historical roots of debt cancellation, focusing on ancient practices in civilizations like the Sumerians and the policies of Hammurabi. It draws parallels between historical approaches to debt forgiveness and modern economic challenges, particularly in relation to student loans and medical debt. The discussion highlights the systemic issues surrounding debt and questions the prevailing assumptions about personal finance and economic responsibility in today's society.
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