Search results
9 hours ago · Yves here. Michael Hudson has regularly described how the shift to preferring creditor rights to debtor, actually, societal, needs, took place in Graeco-Roman times and produced oligarchies. Modern study of debt overhangs has found that excessive levels of private debt produce financial crises, and on top of that, personal debt is not economically productive. Yet […]
Searches related to Michael O'Shaughnessy
