Libro The Case for a Debt Jubilee De Vague, Richard

Formato

Libro Físico

Autor

Richard Vague

Editorial

Polity Press

Año

2021

Idioma

Inglés

N° páginas

140

Encuadernación

Tapa Blanda

Dimensiones

25.1 x 17.8 x 4.3 cm

Peso

0.95 kg.

ISBN13

9781509548736

N° edición

Categorías

Las políticas del gobierno central
Economía política

The Case for a Debt Jubilee

Richard Vague (Autor) · Polity Press · Tapa Blanda

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Reseña del libro "The Case for a Debt Jubilee"

We were drowning in in record levels of debt before the COVID-19 crisis, and we are now deluged in it. U.S. private-sector loans have tripled relative to income since 1950 - and government debt is also at an all-time high. Soaring debt burdens individuals, stifles growth, compounds inequality, and brings falling living standards for millions. Richard Vague's new book argues that, contrary to mainstream assumptions, we cannot simply hope that the trend will correct itself. Mounting debt is a feature of our economic system, not a bug: debts perpetually grow and compound, polarizing and impoverishing economies if not overtly dealt with. He offers a detailed plan for how we can restructure a range of debts - such as student loans, auto loans, medical debt and more - and offer hard-pressed debtors a 'jubilee' now, not in some utopian future. Vague's bold polemic contains a wealth of ideas that will free millions from modern-day debt peonage, reduce inequality and bring new vigor to the economy as it struggles to emerge from the pandemic.