Economics @ ITT

9 Things You Didn’t Know about the History of Debt

Posted in economics by ittecon on August 2, 2011

Debt seems to be everywhere in the news nowadays: debt ceilings, sovereign debt crises, credit crunches, senate battles over debt protection agencies, subprime mortgages, the creeping feeling that the United States has somehow hocked itself to China. It might cause one to wonder: how did all this happen? How did politics suddenly become all about who owes who how much money?

via David Graeber: 9 Things You Didnt Know About The History Of Debt PHOTOS.

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