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The Case for a Debt Jubilee
Series: The Case For
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The Case for a Debt Jubilee
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?
"How we can stave off economic disaster by freeing millions from debt bondage"--
Book Hero Magic formatted this description to make it easier to read. While it's new and
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Description
We were drowning in record levels of debt before the COVID-19 crisis, and we are now deluged in it. U.S. private-sector loans have tripled relative to income since 1950 – and government debt is also at an all-time high. Soaring debt burdens individuals, stifles growth, compounds inequality, and brings falling living standards for millions.
The Case for a Debt Jubilee by Richard Vague argues that, contrary to mainstream assumptions, we cannot simply hope that the trend will correct itself. Mounting debt is a feature of our economic system, not a bug: debts perpetually grow and compound, polarizing and impoverishing economies if not overtly dealt with. He offers a detailed plan for how we can restructure a range of debts – such as student loans, auto loans, medical debt and more – and offer hard-pressed debtors a ‘jubilee’ now, not in some utopian future.
Vague’s bold polemic contains a wealth of ideas that will free millions from modern-day debt peonage, reduce inequality, and bring new vigour to the economy as it struggles to emerge from the pandemic.
Series: The Case For
View all-
The Case for a Debt Jubilee
We were drowning in record levels of debt before the COVID-19 crisis, and we are now deluged in it. U.S. private-sector loans have tripled relative to income since 1950 – and government debt is also at an all-time high. Soaring debt burdens individuals, stifles growth, compounds inequality, and brings falling living standards for millions. The Case for a Debt Jubilee...Paperback$2399Unit price /UnavailableAvailableShips in 3-4 weeks -
The Case for a New Bretton Woods
After the 2008–9 global financial crisis, reforms to promote stability, social inclusion, and sustainability were promised but not delivered. As a result, the global economic situation, marred by inequality, volatility, and climate breakdown, remains dysfunctional. Now, the economic fallout from the Covid-19 pandemic offers us a second chance. Kevin Gallagher and Richard Kozul-Wright argue that we must grasp it by...Paperback$2399Unit price /UnavailableAvailableShips in 3-4 weeks -
The Case for Community Wealth Building
Our broken economic model drives inequality and disempowerment, lining the pockets of corporations while extracting wealth from local communities. How can we reverse this? Joe Guinan and Martin O’Neill argue for an approach that uses the power of democratic participation to drive equitable development and ensure that wealth is widely shared. They show how this model – The Case for...Paperback$2399Unit price /UnavailableAvailableShips in 3-4 weeks -
The Case for Medicare for All
Largely privately funded with relatively little public regulation, the United States healthcare system is both expensive and inefficient, providing poor care to large parts of the population. For decades, Americans have wrestled with how to fix their broken healthcare system. In this razor-sharp contribution to the healthcare debate, leading economist and former adviser to Bernie Sanders Gerald Friedman recommends that...Paperback$2399Unit price /UnavailableAvailableShips in 3-4 weeks -
The Case for Universal Basic Services
The idea that healthcare and education should be provided as universal public services to all who need them is widely accepted. But why leave it there? Why not expand it to more of life’s essentials? In their bold new book, The Case for Universal Basic Services, Anna Coote and Andrew Percy argue that this transformational new policy – Universal Basic...Paperback$3799Unit price /UnavailableAvailableShips in 3-4 weeks -
The Case for a Job Guarantee
One of the most enduring ideas in economics is that unemployment is both unavoidable and necessary for the smooth functioning of the economy. This assumption has provided cover for the devastating social and economic costs of job insecurity. It is also false. In The Case for a Job Guarantee, leading expert Pavlina R. Tcherneva challenges us to imagine a world...Hardback$9599Unit price /UnavailableAvailableShips in 3-4 weeks -
The Case for a Job Guarantee
One of the most enduring ideas in economics is that unemployment is both unavoidable and necessary for the smooth functioning of the economy. This assumption has provided cover for the devastating social and economic costs of job insecurity. It is also false. In The Case for a Job Guarantee, leading expert Pavlina R. Tcherneva challenges us to imagine a world...PaperbackSold Out
Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?
Richard Vague offers a compelling argument in The Case for a Debt Jubilee, highlighting that private debt poses significant risks akin to government debt and proposes practical solutions for debt reduction. His perspective is particularly noteworthy due to his background as a successful banker, potentially adding weight to the economic insights presented. The book suggests that implementing debt forgiveness could revitalise the economy, earning praise from academics and financial experts for its practical approaches.
Book Details
INFORMATION
ISBN: 9781509548736
Publisher: John Wiley and Sons Ltd
Format: Paperback / softback
Date Published: 08 October 2021
Country: United Kingdom
Imprint: Polity Press
Audience: Professional and scholarly
DIMENSIONS
Spine width: 18.0mm
Width: 125.0mm
Height: 191.0mm
Weight: 181g
Pages: 140
About the Author
Richard Vague is Secretary of Banking and Securities for the Commonwealth of Pennsylvania.
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