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Tag: creditor and debtor

At long last, economists appreciate that private debt was the catalyst for the crisis

Her Majesty The Queen

This month saw the tenth anniversary of the collapse of Lehman Brothers, a collapse which precipitated one of the only two global financial crises of the past 150 years. The late 2000s and early 1930s were the only periods in time when capitalism itself has trembled on the edge of the precipice. It was in […]

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