Author: Robert Kuttner
Edition:
Publisher: Knopf
Binding: Hardcover
ISBN: 0307959805
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You Save: 43%
Debtors' Prison: The Politics of Austerity Versus Possibility
One of our foremost economic thinkers challenges a cherished tenet of today’s financial orthodoxy: that spending less, refusing to forgive debt, and shrinking government—“austerity”—is the solution to a persisting economic crisis like ours or Europe’s, now in its fifth year.Debtors' Prison review. br>
Since the collapse of September 2008, the conversation about economic recovery has centered on the question of debt: whether we have too much of it, whose debt to forgive, and how to cut the deficit. These questions dominated the sound bites of the 2012 U.S. presidential election, the fiscal-cliff debates, and the perverse policies of the European UnionRead full reviews of Logic in a debtors prison being visited by Tom and Jerry Isaac Robert Cruikshank. 
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Logic in a debtors prison being visited by Tom and Jerry - by Isaac Robert Cruikshank. Handmade oil painting reproduction. Totally handmade and delivered within 25 business days.
Logic in a debtors prison being visited by Tom and Jerry - by Isaac Robert Cruikshank. Handmade oil painting reproduction. Totally handmade and delivered within 25 business days.
vintagerose2007 Store 9243 Williamsburg, Virginia VA Williamsburg Jail Poor Debtors Prison Built 1744 Description PURCHASE TEN ITEMS AND SHIPPING IS FREE!Vintage Postcard Condition: Normal wear to corners and edges - VG Date/Era: c1950s Approximate Postcard Size: 3.5 x 5.5 Please take a look at the scans as they are part of the description. If there are any colored lines running through the picture they will be from the scanner and are NOT on the card itself. Any major defects on the card will
GG PUBNG 20070101. Trade Paperback Trade Paperback. Very Good. GrosserKurt Out Of Debtors' Prison: A Roadmap For Debt-free Living Light edge and corner wear from shelf. All US orders shipped with tracking numbers and e-mail confirmation!
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Debtors' Prison Reviews
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Since the collapse of September 2008, the conversation about economic recovery has centered on the question of debt: whether we have too much of it, whose debt to forgive, and how to cut the deficit. These questions dominated the sound bites of the 2012 U.S. presidential election, the fiscal-cliff debates, and the perverse policies of the European Union.
Robert Kuttner makes the most powerful argument to date that these are the wrong questions and that austerity is the wrong answer. Blending economics with historical contrasts of effective debt relief and punitive debt enforcement, he makes clear that universal belt-tightening, as a prescription for recession, defies economic logic. And while the public debt gets most of the attention, it is private debts that crashed the economy and are sandbagging the recovery—mortgages, student loans, consumer borrowing to make up for lagging wages, speculative shortfalls incurred by banks. As Kuttner observes, corporations get to use bankruptcy to walk away from debts. Homeowners and small nations don’t. Thus, we need more public borrowing and investment to revive a depressed economy, and more forgiveness and reform of the overhang of past debts.
In making his case, Kuttner uncovers the double standards in the politics of debt, from Robinson Crusoe author Daniel Defoe’s campaign for debt forgiveness in the seventeenth century to the two world wars and Bretton Woods. Just as debtors’ prisons once prevented individuals from surmounting their debts and resuming productive life, austerity measures shackle, rather than restore, economic growth—as the weight of past debt crushes the economy’s future potential. Above all, Kuttner shows how austerity serves only the interest of creditors—the very bankers and financial elites whose actions precipitated the collapse. Lucid, authoritative, provocative—a book that will shape the economic conversation and the search for new solutions.
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