{"product_id":"the-case-for-a-debt-jubilee-by-richard-vague-9781509548736","title":"The Case for a Debt Jubilee","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eWe 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.\u003c\/p\u003e\n\n\u003cp\u003e\u003cem\u003eThe Case for a Debt Jubilee\u003c\/em\u003e 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.\u003c\/p\u003e\n\n\u003cp\u003eVague’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.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Unknown","offers":[{"title":"Default Title","offer_id":47341228622060,"sku":"9781509548736","price":23.99,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/12509613482725.jpg?v=1772187183","url":"https:\/\/bookhero.co.nz\/products\/the-case-for-a-debt-jubilee-by-richard-vague-9781509548736","provider":"Book Hero","version":"1.0","type":"link"}