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Puerto Rico is on Track for Historic Debt Forgiveness–Unless Wall Street Gets Its Way

October 5, 2017

Photo: Joe Raedle/Getty Images PUERTO RICO IS ON TRACK FOR HISTORIC DEBT FORGIVENESS — UNLESS WALL STREET GETS ITS WAY FOR BONDHOLDERS SITTING on Puerto Rican debt, Hurricane Maria may have come just when they needed it, just as a yearslong battle over the fate of the island’s financial future was beginning to turn against […]

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America Disregarded 4,000 Years of History In Responding to the Great Recession

November 15, 2015

America Disregarded 4,000 Years of History In Responding to the Great Recession We’ve known for over 4,000 years that debts need to be periodically written down, or the entire economy will collapse. After all, debt grows exponentially … while economies only grow in an s-curve. The ancient Sumerians and Babylonians, the early Jews and Christians, the Founding Fathers of […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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