I’ve long been bothered by activists’ habit of focusing on debt both as a political target and analytical center. This came to the fore during the Occupy moment, and continues today in, well, should we call it the post-Occupy era? Yes, debt is a problem, no doubt about it. Given the age of many Occupy activists, student debt is understandably very much on their minds (as are crappy job prospects, which don’t always get as much attention). Before that, mortgage debt and exotic variations on it were major contributors to the financial… Read More