On Contact with Chris Hedges and Michael Hudson: The history of debt forgiveness

In this episode of On Contact, economist and author, Michael Hudson, in his new book …And Forgive Them Their Debts: Lending, Foreclosure and Redemption From Bronze Age Finance to the Jubilee Year, shares with journalist Chris Hedges how Ancient cultures forgave debt cyclically to prevent debt peonage and the rise of an oligarch elite. See minute 22 for Hudson to discuss how Greenbacks were so successful.

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