Forgiving (and Unforgiving) Debts

09.06.2022 - By Now & Then

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How have Americans viewed personal debt over the course of history? What can the morality and functionality of debt tell us about the debate over President Bident’s student loan forgiveness program? 

Heather and Joanne discuss the history of debtors’ prisons in early America, the rise of bankruptcy laws after the Civil War, and the Cold War origins of federal student loans. 

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