debt

Debt makes wealth flow from a poor majority to a wealthy few. Politics and not economics explains why... "Who gets credit and who doesn’t? Who gets favorable terms and who gets harsh terms? Who pays high interest and who pays low interest? Who gets bailed out when in default, and who is...

If you believe Jesus lived and the Ten Commandments provide a road map for moral living, you might consider the relationship between "debt" and "sin." Michael Hudson is an economist who's well versed in the history of debt and the level of destruction it can bring to societies that don't take...

Puerto Rico has more debt per citizen than Connecticut, NY, and NJ combined. $15K per man woman and child. http://thehill.com/latino/336667-puerto-rico-goes-to-the-polls-for-statehood Puerto Rico is bankrupt. Decades of deficit spending have so impoverished the nation that it cannot meet...