Callum on Nostr: Have you ever read or listened to Michael Hudson on the subject of debt ? He's very ...
Have you ever read or listened to Michael Hudson on the subject of debt ? He's very knowledgeable & insightful on the subject. One interesting thing he talks about is how Babylonian kings used to understand the absolute need for periodic debt jubilees (all debts cancelled), so that a rentier class couldn't develop and eventually overthrow the king and debt enslave the ppl. These were usually declared when one king died and the new king began his reign.
Published at
2025-02-16 04:56:29Event JSON
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