• Posts
  • RSS
  • ◂◂RSS
  • Contact

  • Opting Out Of Debt

    December 13th, 2012
    debt, occupy_boston  [html]
    A quaker friend invited me to a strike debt event:
    This event is for everyone with debt, who hates debt, who understands enslavement by debt and wants to end it. To prepare for this meeting, background and study materials are at: strikedebt.org.
    Which got me thinking: you can opt out of debt. Even if you already have lots. If you feel enslaved by it and want to remove yourself from the debt system, you can go through bankruptcy and have your debts forgiven. [1] The downside is that people won't lend to you in the future, but that's not a problem if you're opting out.


    [1] A few categories of debt survive bankruptcy: child support, student loans, some taxes. People with them can't fully opt out of the debt system. This seems bad: in as much as bankruptcy is important for helping people get back on their feet I don't see why these categories should be special.

    Comment via: google plus, facebook

    Recent posts on blogs I like:

    Austerity is Inefficient

    Working on an emergency timetable for regional rail has made it clear how an environment of austerity requires tradeoffs that reduce efficiency. I already talked about how the Swiss electronics before concrete slogan is not about not spending money but ab…

    via Pedestrian Observations February 27, 2021

    Fireside Friday, February 26, 2021

    Fireside this week, but next week we are diving into our long awaited series on pre-modern textile production, though we will be particularly focused on the most important clothing fibers in the Mediterranean world, wool and linen (rather than, say, silk …

    via A Collection of Unmitigated Pedantry February 26, 2021

    The Troubling Ethics of Writing (A Speech from Ancient Sumer)

    (Translated from a transcript of an ancient Sumerian speech by Uruk's most well-respected Scriptological Ethicist) Writing is a profoundly dangerous technology: Access to writing was initially, and still remains, uneven. What's worse, the rich are m…

    via BLOG - Cullen O'Keefe February 15, 2021

    more     (via openring)


  • Posts
  • RSS
  • ◂◂RSS
  • Contact