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Debtors' Prison : The Politics of Austerity Versus Possibility by Robert Kuttner is a nonfiction available to read on EtoBox.

What is Debtors' Prison : The Politics of Austerity Versus Possibility about?

<p>One of our foremost economic thinkers challenges a cherished tenet of today’s financial orthodoxy: that spending less, refusing to forgive debt, and shrinking government—“austerity”—is the solution to a persisting economic crisis like ours or Europe’s, now in its fifth year.</p> <p>Since the collapse of September 2008, the conversation about economic recovery has centered on the question of debt: whether we have too much of it, whose debt to forgive, and how to cut the deficit. These questions dominated the sound bites of the 2012 U.S. presidential election, the fiscal-cliff debates, and the perverse policies of the European Union.</p> <p>Robert Kuttner makes the most powerful argument to date that these are the wrong questions and that austerity is the wrong answer. Blending economics with historical contrasts of effective debt relief and punitive debt enforcement, he makes clear that universal belt-tightening, as a prescription for recession, defies economic logic. And while the public debt gets most of the attention, it is private debts that crashed the economy and are sandbagging the recovery—mortgages, student loans, consumer borrowing to make up for lagging wages, speculat

Who reads Debtors' Prison : The Politics of Austerity Versus Possibility?

Author

Robert Kuttner

Publisher

Vintage Books

Published

2013

Language

EN

ISBN

9780307959812

Category

nonfiction

Subjects

Political Science, Business, History

Rating

4 / 5 (48 ratings)

Updated

2026-03-14