Breaking the Chains of Debt: Lessons from Babylonia for Today’s Student Crisis

Today, the wealthy depict inequality in glowing colors as a byproduct of economies pulling ahead, “creating wealth” by innovations that add to prosperity. This view is unprecedented in history. From antiquity to quite recently, personal accumulation of large amounts of wealth was frowned upon, because it usually was achieved at the expense of others.

Hilary Powell and Dan Edelstyn on ‘The Bank Job’

When I was recently at the #CTRLshift conference in Wigan, one project that many people were talking about was Hilary Powell and Dan Edelstyn’s ‘The Bank Job’, currently underway in a former bank in Walthamstow.  It had just been featured in The Guardian under the headline ‘The rebel bank, printing its own notes and buying back people’s debts’, and was generating a real buzz.

Is Washington tacitly operating under a new monetary theory?

The recently passed federal tax cut seems perilous for the United States government and economy. But even as some financial commentators have for years predicted chaos in the U.S. financial system resulting from soaring federal deficits, the government and the economy move forward with little disturbance. Washington, it appears, has adopted a new set of financial assumptions and they seem to be working.