Puerto Ric…D’OH! Island Territory Defaults on Debt

Imagine picking up a pebble and tossing it into the ocean.

Did it cause a tidal wave? Probably not.

Did it do absolutely nothing at all? More likely.

On August 3rd, Puerto Rico defaulted on a $58 million bond payment. …

Deliverance From Debt

Debt is everywhere. It’s been part of the social fabric of human life since, at least, recorded history. In fact, in David Graeber’s book, Debt: The First 5000 Years, he explains that debt is the earliest form of trade, …

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