Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy, Author: Michael Hudson.
The Octopus, Author: Frank Norris.
Labor in the Ancient World, Editors: Piotr Steinkeller and Michael Hudson.
One was to free society from debt. You didn’t want people to have to spend their lives working off the debt, whether for a home, for living or to get an education.
The guiding idea of an economic and tax system should be to lower the cost of living and doing business. I show what the average American wage earner has to pay.
Under the most recent federal housing authority laws, the government guarantees mortgage loans that absorb up to 43% of family income. Suppose you pay this 43% of income for your home mortgage, after the 15% of your wages set aside for Social Security under FICA …
That leaves only about 25% of what American families earn to be spent on goods and services – unless they borrow to maintain their living standards. more> http://tinyurl.com/nk54wlx