3min chapter

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Debt: The First 5000 Years (Audiobook) David Graeber

Notus & Friends

CHAPTER

The Death of Hiroshima

In mediaeval hindoo law codes, not only were interest bearing loans permissible, the main stipulation was that iterest should never exceed principle. A debtor who did not pay would be reborn as a slave in the household of his creditor, or, in later codes, reborn as his horse or ox. The same tolerant attitude toward lenders and warnings of carmic revenge against borrowers reappear in many strands of buddhism. Even so, the moment that usurers were thought to go too far, exactly the same sort of stories as found in europe would start appearing.

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