There is a very interesting article in the April issue of Harpers magazine titled
“Infinite Debt: How Unlimited Interest Rates Destroyed the Economy.”.
You can read the article online if you are subscriber or pick it up at the news stand.
There is also a transcript of an interview with the author (Thomas Geoghegan) on www.democracynow.org discussing the article.
Interesting discussion on usury and exhorbitant fees CC companies charge consumers and how it effects the economy.
“Infinite Debt: How Unlimited Interest Rates Destroyed the Economy.”.
You can read the article online if you are subscriber or pick it up at the news stand.
There is also a transcript of an interview with the author (Thomas Geoghegan) on www.democracynow.org discussing the article.
Interesting discussion on usury and exhorbitant fees CC companies charge consumers and how it effects the economy.