The Seattle Post Intelligencer has a great essay on the political psychology of debt. Here’s a taste of the article:
Today, our current economic troubles notwithstanding, we yet presume that prosperity-via-indebtedness is our natural and eternal condition. As for our addiction to debt-as addicts say, “We can handle it.” But we can’t. And the four addictions that have made for our 21st century prosperity are rapidly becoming the four walls of our debtors’ prison.
The essay argues that, unless we change, Americans are doomed to end up in a virtual “debtors prison”, strapped with consumer debt.
