/lit/ - Literature

>>18950652
>what do you think of the "money as debt" documentary?
I haven't seen it, I'll watch it, thanks.
>>18950652
>do you agree that people are essentially hostage to private banks who are able to lend money that does not exist?
My opinion is that usury should be illegal, but it's because of personal religious views. The truth is that, in my studies, I have read many papers that have challenged my views and that tend to show that debt has a positive effect on households' finance. For instance I had to do a literature review on payday loans (short-term loans with very high rates, almost loan sharking), and my general conclusion was that they tended to help households and did not push them in negative spirals.
>also what books do you recommend about this subject because you clearly know more than I
On financial history I would recommend The Ascent of Money, as it is quite easy and Niall Ferguson is very well respected in the small world of academic financial history. If you want to go further you should read a textbook on finance, then whatever textbooks and academic papers universities in your country would recommend. Pic related is a list of introductory papers I had to read for instance. But first you need to be familiar with general finance, because the average man knows nothing about finance, although he should.