Debt: The First 5,000 Years

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What is a “debt”, anyway? A debt is just a perversion of a promise. It is a promise corrupted by both math and violence.

“Cancel student loan debt? But that would be unfair to all those people who struggled for years to pay back their student loans.” Let me assure the reader as someone who struggled for years to pay back his student loans and finally did so, this argument makes about as much sense as saying it would be unfair to a mugging victim not to mug their neighbours too.

The question now is how to ratchet things down a bit: to configure society so that people can live a bit more by working less.