Tag Archives: debt

The end of the end of austerity.

Some politicians are calling for “the end of austerity.”  It is a magical political phrase.  To the general public it conveys generosity as opposed to austere, miserly scroogishness. To public servants it sounds hopeful; “Ooo, a possible pay rise or … Continue reading

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Why do people still lend money to America?

If I was asked to lend my own money to America, I wouldn’t do it.  The US Federal government owes a massive US$16.7 trillion (US$16,700,000,000,000) to various institutions, but it only collects US$2.7 trillion in tax revenue whilst it currently … Continue reading

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Economics according to Jesus #3 – debt cancellation

Debt and Jubilee Yesterday I blogged on the total UK savings pot.  But where there are savers there must also be borrowers and debt is an issue which needs to be addressed. UK private borrowing (mortages, car loans, credit cards … Continue reading

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