Is There a Difference Between the Regulators of North Carolina and the Elites?

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The North Carolina regulation just went too far. Riot was sometimes considered by elites kind of almost a necessary like safety valve. You could get economic relief by rioting. So they sometimes did succeed in getting the, you know, legitimate government to actually do some thingslike give easy term loans through what we're called land banks and other kind of populist agrarian kind of finance. But it was, but it was spasmodic and always conflicted.

Astra Taylor interviews William Hogeland on his book Founding Finance: How Debt, Speculation, Foreclosures, Protests, and Crackdowns Made Us a Nation. Hogeland recovers a fascinating crop of mostly-forgotten rebels, the movements they led, and their radical demands that put the landlords and lenders of their day on edge. He also recounts the complex and sometimes deadly machinations that went into suppressing them in order to create a nation that was safe for the owning and investing classes. Support The Dig at Patreon.com/TheDig