> Household debt is unsustainable. Wipe it out with a pen. <
I’m confused (not an unusual state with me). Someone holds that debt. Don’t they deserve some consideration?
Someone lent me money to buy a car and a house. And via a credit card, someone lent me money to buy groceries last week. What happens to that someone if you just write that all debt off? Do the Feds step in and make them whole?
If so, the national debt would just explode. If not, the Rule of Law means nothing.
Usury is a sin and it used to be a crime.
The whole “economy” is built on it. It will end in tears, as it always does.
Do the usurers deserve consideration? If by that, you mean we should not burn them at the stake or take them to beheading in the square, I’m OK with that.
If you mean they, who made loans (collectively) beyond what could ever be repaid, “deserve” to collect anyway from the community - Nah, not really.
“In christening shalt thou have two godfathers.
Had I been judge, thou shouldst have had ten more—
To bring thee to the gallows, not to the font.”
There is nothing new under the sun.