The link between money and morals isn't limited to the pages of ancient sacred texts. You can spot it in today's news thanks to a creative new project called the Rolling Jubilee, part of the Strike Debt campaign.
Slashing services, selling off public assets, and raising taxes won't cure these ills. To maintain a sustainable and productive economy requires a visionary leap into the new. A new economy needs new methods of public financing.
It has never been more important to raise the issue of debt forgiveness and do something about it in concrete ways than it is in 21st century America. But how could the biblical Jubilee possibly be an economic plan in today's economy? Enter Occupy Wall Street's "Rolling Jubilee."
Organizers are buying up consumer debt for pennies on the dollar and instead of collecting on it they are forgiving it. In my opinion the effort is misguided because this strategy can result in those with their debt forgiven, owing the IRS.
The economy should not be an end in itself, an irresistible force that we fail to serve at our peril -- yet that's the conventional attitude. The economic suicides of Europe are testimony to the prevalence of this belief.
As with all aspects of fixing a troubled organization, celebrate successes. When the entire organization celebrates the shrinking level of vendor debt, everyone becomes more confident that solvency can be achieved.
Most of the people I know with student loans do not expect to be able to pay them off in less than 30 years. Some of them do not know if they will be able to pay off their student loan debt in their lifetime.
Over at Salon, Alex Pareene writes about the struggle that the media is having discerning the "demands" of the Occupy Wall Street movement even though it's easy to discern the larger concerns of the 99% if you just start paying attention.
Some Americans may hesitate to contribute to flood relief because we associate Pakistan with qualities we don't admire. How can we distance ourselves from the qualities we don't like while offering solidarity to the people of Pakistan?