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Books > Business & Economics > Economics > Microeconomics
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Should we abolish household debts? (Paperback)
Loot Price: R300
Discovery Miles 3 000
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Should we abolish household debts? (Paperback)
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Loot Price R300
Discovery Miles 3 000
Expected to ship within 12 - 17 working days
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We live in a culture of credit. As wages have stagnated, we've seen
a dramatic surge in private borrowing across the western world;
increasing numbers of households are sucked into a hopeless vortex
of spiralling debt, fuelled by exploitative lending. In this book
Johnna Montgomerie argues that the situation is chronically
dysfunctional, both individually and collectively. She shows that
abolishing household debts can put an end to austerity and to the
unsustainable forward march of debt-dependent growth. She combines
astute economic analysis with the elements of an accessible guide
to practical policy solutions such as extending unconventional
monetary policy to the household sector, providing pragmatic and
affordable refinancing options, and writing off the most pernicious
elements of household debt. This framework, she contends, can help
us to make our economy fairer and to tackle both the housing crisis
and accelerating inequality.
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