… and It Will Haunt the Economy for Years – Wolf Richter – Published on naked capitalism (first on Wolf Street), June 16, 2016.
Richter’s post confirms what Matt Stoller foresaw in 2010 in A Debtcropper Society: a lot of people forget that having debt you can’t pay back really sucks. Debt is not just a credit instrument, it is an instrument of political and economic control … // Continuer la lecture de « These Debt Slaves are the Government’s Largest Asset Class »