Debtors' Prison

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Focusing on the detrimental effects of austerity, Robert Kuttner argues that current economic recovery discussions are misguided. He likens austerity measures to modern-day debtors' prisons that hinder rather than promote growth. By examining historical perspectives on debt, from Daniel Defoe's advocacy for forgiveness to the impacts of the world wars and Bretton Woods, Kuttner reveals the inconsistencies in debt politics. His work challenges conventional narratives and advocates for a reevaluation of economic strategies to foster genuine recovery.