3min chapter

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Debt and the Collapse of Antiquity – Michael Hudson (pt 1/2)

theAnalysis.news

CHAPTER

The Virtue of Kingship in the Ancient World

The real economy cannot flourish unless you have these periods in which the question of debt is addressed. And so, with that you're saying there is both this element of sort of fairness citizenship that comes into debt forgiveness. But also like pure pragmatics the the real economy can only thrive if it has a way to pay off its debts.

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