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A comment on Lifestyle Inflation. It's a wealth killer. Parent comment

Re:Lifestyle Inflation. It's a wealth killer by tonyedgecombe on Wednesday December 30, 2020 @12:55PM (#25583998)
Practically. If you fail to make payments then they will attempt to recover their money, often with violence.

As a lender, if I expected a debt jubilee then I would stop lending. But I suspect that was the purpose. It's interesting that most religions have an aversion to debt.

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Re:Lifestyle Inflation. It's a wealth killer by md_ on Wednesday December 30, 2020 @01:06PM (#25584156)
Ah. In that case, I misunderstood you. :)

Yes, practically, Graeber is not suggesting consumers go out and take on debt willy nilly. He's suggesting rather that we stop moralizing the issue of debt.

The religious connotations of debt are more subtle and surprising than that, at least in Graeber's telling. But I'll leave that to him. The book, by the way, is free: https://archive.org/details/Debt-The_First_5000_Years. ;)

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