{"product_id":"should-we-abolish-household-debts-paperback-softback-9781509525409","title":"Should We Abolish Household Debts? (Paperback \/ softback) 9781509525409","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eShould We Abolish Household Debts?\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cfont size=\"4\"\u003eJohnna Montgomerie (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781509525409, Polity Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 22 March 2019\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e140 pages\u003cbr\u003e18.8 x 12.2 x 1.5 cm, 0.168 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\u003cp\u003e\"Abolishing household debt is heresy to the politicians who brought us bank bailouts and austerity. Johnna Montgomerie explains why so many families in Britain are dependent on borrowing and offers concrete proposals for ending the debt-fuelled growth.\"\u003cbr\u003e—\u003cb\u003ePaul Mason, journalist and author\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"In this book, Johnna Montgomerie demonstrates that an apparently radical idea, abolishing household debt, is just common sense. Buy it, read it, tell others to do the same.\"\u003cbr\u003e—\u003cb\u003eJohn Weeks, Coordinator of the Progressive Economy Forum\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"It is not often that I read a non-fiction book that is an easy read, explains complex economic concepts with metaphors that are simple enough to understand, and make perfect sense. \u003ci\u003eShould we abolish household debts?\u003c\/i\u003e by Johnna Montgomerie is such a book.\"\u003cbr\u003e—\u003cb\u003e\u003ci\u003eFinancial Times\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"Concise, informative.\"\u003cbr\u003e—\u003cb\u003e\u003ci\u003eMorning Star\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eWe live in a culture of credit. As wages have stagnated, we’ve seen a dramatic surge in private borrowing across the western world; increasing numbers of households are sucked into a hopeless vortex of spiralling debt, fuelled by exploitative lending.\u003c\/p\u003e \u003cp\u003eIn this book Johnna Montgomerie argues that the situation is chronically dysfunctional, both individually and collectively. She shows that abolishing household debts can put an end to austerity and to the unsustainable forward march of debt-dependent growth. She combines astute economic analysis with the elements of an accessible guide to practical policy solutions such as extending unconventional monetary policy to the household sector, providing pragmatic and affordable refinancing options, and writing off the most pernicious elements of household debt. This framework, she contends, can help us to make our economy fairer and to tackle both the housing crisis and accelerating inequality.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eTables and Figures viii\u003cbr\u003e\u003cbr\u003eAcknowledgements ix\u003cbr\u003e\u003cbr\u003eIntroduction 1\u003cbr\u003e\u003cbr\u003e1 Making Money in the Debt Economy: A Primer 16\u003cbr\u003e\u003cbr\u003e2 The Case for and Against Abolishing Household Debt 41\u003cbr\u003e\u003cbr\u003e3 Making Credit a Public Good 65\u003cbr\u003e\u003cbr\u003e4 Debt Write-Down 83\u003cbr\u003e\u003cbr\u003e5 Debt Write-Off 104\u003cbr\u003e\u003cbr\u003eConclusion 124\u003cbr\u003e\u003cbr\u003eBibliography 132\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Economics [\u003ca title=\"See our other books on Economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economics%20%5BKC%5D%22\"\u003eKC\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Polity","offers":[{"title":"Brand New","offer_id":52501420245272,"sku":"9781509525409","price":10.86,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781509525409.jpg?v=1786237155","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/should-we-abolish-household-debts-paperback-softback-9781509525409","provider":"Freshly Printed Books","version":"1.0","type":"link"}