Info Gluttony

Karmic Debts

Posted in It's the Economy, Uncategorized by echan on April 9, 2009

I like this snippet from Margaret Atwood (who I haven’t read since the 8th grade, what a shame):

“Debt is part of the human condition,” she said in an interview. “Civilization is based on exchanges — on gifts, trades, loans — and the revenges and insults that come when they are not paid back.

I’m trying to recall, when was the last historical era when we had DEBT DEBT DEBT on our minds?  Certainly, this was a prevalent idea in Dickens’s age and scores later, during the deflationary 1890s, but is this the first modern First World DEBT DEBT DEBT moment?


One Response

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  1. adam said, on April 14, 2009 at 5:32 pm

    I read somewhere that we haven’t had this much debt/gdp since the 1920s? I feel like our gilded age rushed right into our equivalents of the 1920s and now the 1930’s much faster than the first time around. I blame the internets.

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