The Kingdom Of Denmark

“What is a debt, anyway? A debt is just the perversion of a promise. It is a promise corrupted by both math and violence. If freedom (real freedom) is the ability to make friends, then it is also, necessarily, the ability to make real promises. What sorts of promises might genuinely free men and women make to one another? At this point we can’t even say. It’s more a question of how we can get to a place that will allow us to find out. And the first step in that journey, in turn, is to accept that in the largest scheme of things, just as no one has the right to tell us our true value, no one has the right to tell us what we truly owe.”

David Graeber, Debt: The First 5000 Years (2011)1

In Hamlet, Polonius advises his son Laertes as he sends him off to school: “Neither a borrower nor a lender be,/For loan oft loses both itself and friend,/And borrowing dulls the edge of husbandry.” Borrowers and lenders have conducted themselves over the ensuing centuries in ways that would not……..Continue Reading

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