For some reason, all the world's big news stories revolve around debt: U. S. federal debt, state debt, personal debt, European debt. It's all anybody seems to talk about.
While each of those stories has its individual nuances and details, there's also One Big Story there, a story that's hard to think about because it's so big.
Two recent articles and a book can help us get a handle on the big picture: Adam Haslett's This Is Our New Normal, Michael Hudson's Debt Slavery, and the book Debt: The First 5000 Years by fellow Kossack David Graeber.
They all agree on one thing: The debt issue is not just about economics, it's about democracy.
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