Should South Africa be responsible for apartheid-era debt? Should Iraq be tied to Saddam Hussein's excesses? Odette Lienau shows that sovereign debt continuity--the rule that nations must repay loans even after a regime change--relies on absolutist ideas, and explains why the pr…
"Conventional wisdom holds that all nations must repay debt. Regardless of the legitimacy of the regime that signs the contract, a country that fails to honor its loan obligations damages its reputation, inviting still greater problems down the road. Yet difficult dilemmas arise…
"Conventional wisdom holds that all nations must repay debt. Regardless of the legitimacy of the regime that signs the contract, a country that fails to honor its loan obligations damages its reputation, inviting still greater problems down the road. Yet difficult dilemmas arise…
"This punchy and original book argues that our 'culture of credit' is chronically dysfunctional, both individually and collectively. Johnna Montgomerie shows that abolishing household debts can help us end austerity and the unsustainable forward march of debt-driven growth" "We…
"We live in a culture of credit. As wages have stagnated over the past few decades, we've seen a dramatic surge in private borrowing across the western world, with increasing numbers of households sucked into a hopeless vortex of spiralling debt fuelled by exploitative lending. …
"We live in a culture of credit. As wages have stagnated over the past few decades, we've seen a dramatic surge in private borrowing across the western world, with increasing numbers of households sucked into a hopeless vortex of spiralling debt fuelled by exploitative lending. …