aren't debt jubilees an ancient tradition? shouldn't we be doing them every 7 years?
Haven't read 'Debt' yet and he probably dogs into it more there, but Graeber mentions in 'Dawn of Everything' that plenty of cultures would routinely wipe away debts (typically as a way to self-consciously avoid stratefying society, or conversely to enforce a new hierarchy)
Same. The main point was that money wasn’t invented to make barter easier. Or something.
It was good though.
I mean, a frequent and predictable pattern of jubilees would result in lenders never lending.
they'd never lend for terms longer than a few years but that's probably not a bad thing. it ties housing and car prices to people's incomes, capping how much they can increase in cost at in the rate of inflation.
financialization is a way for the capitalists to invent profit that isn't tied to productive development. it's not something worth protecting.
Since these Democrat debt jubilees always seem to come with means testing or other conditions, I'm sure that certain loans will be exempted no matter what
A sufficient number of rent-seeking :porky-happy: may get rid of it themselves if they dig too deep on the trough. :porky-scared:
Joseph Brandon is going to be canonized for doing absolutely jack shit and it's going to kick off the second US Civil War
Made a big plate of pasta and taking a two hour lunch today.
Canceling a small portion of most people's loans isn't even a fucking jubilee
Why is the president using a 1980s landline? Does it help if he gets confused and needs to remember that he is on the phone and what a phone is? And is that a barber shop pole or a giant novelty candy cane in the corner of the picture? And will he keep working out only his right arm until his body is shaped like some golden age comics character whose super power was having a strong right arm and nothing else? Actually, don't answer the last one, I have already decided what I believe and you will never ever change my opinion.
The phone cord can be used to choke out any Protestants that try to stop him
That makes so much sense! And if you invert your grip I bet you could choke a catholic with it as well, but I'm sure the president has separate equipment for that.
That's not actually an '80s landline, it's just an IP phone like you'd have in an office.
