"Test everything; hold fast to what is good."
Old Man Potter collects that $3.3 billion in interest every year and only spends part of it on his household staff, limousine maintenance, imported cigars, etc. The rest of it just sits there in giant piles that Potter sometimes swims through Scrooge-McDuck-style, but otherwise doesn’t put to any productive use.
Here’s a bit more from David Graeber in the Boston Review: [Debt: The First 5,000 Years] came out of the strange moral power that debt has over people. So many times you’re talking to people about the depredations of the International Monetary Fund in the third world, telling these horrible stories about the thousands of [...]
Internet Monk just celebrated “Jubilee Week: All Grace All the Time!” Jubilee is one of my favorite things. Debts are cancelled. Slaves are set free. Olly olly oxen free. What could be better? First thing that Jesus talked about in his public ministry? Jubilee. It pervades his parables. It’s right there in the prayer he [...]
President Bush's request of another $87 billion for securing and rebuilding Iraq has to be added to the $70 billion already spent there. Add to that $157 billion another $50 to $60 billion that various reports say will be needed and you've got a pricetag well over $200 billion. But there's another $200 billion lurking [...]
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