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by specialist
1111 days ago
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Household debt continues to rise. > What I think is novel now... Not novel. Just the return and normalization of usury. Here's a brief recap, beginning with South Dakota's Gov. Bill Janklow dismantling of consumer protections from financial predators in the late '70s: A Short History of Financial Deregulation in the United States [2009] https://www.cepr.net/documents/publications/dereg-timeline-2... (Just the first useful hit I found. There are many, many such analyses. The worsening financialization of household debt has continued almost uninterrupted.) Elsethread, u/Red_Leaves_Flyy notes some of the additional current co-factors. https://news.ycombinator.com/item?id=36237547 |
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