The Dangers of Pricing the Infinite — Crooked Timber

Crooked Timer is running a symposium on David Graeber’s Debt. Here’s a passage from Malcolm P. Harris’s essay on student debt:

In April of last year I wrote an article for N+1 on the astronomic growth of student debt in America since the 70s. At the time, student loans had just passed credit cards as the largest source of consumer debt at $800 billion. Less than a year later, the total has topped $1 trillion with no real signs of slowing, while the other measures I referenced, including youth unemployment, have increased to new record levels as well. The conclusion that “the most indebted generation in history is without the dependable jobs it needs to escape debt” is more valid than ever.

via The Dangers of Pricing the Infinite — Crooked Timber.

Tags: debt, graeber, student debt