Political Economy Part 7: Debt Economics

Common Sense Paper No. 17

iStock by Feodora Chiosea

We finish our mental models on political economy in this essay with Part 7 (Debt Economics). This is the climax of the economic concepts that are necessary to understand political economy in our modern world built on private fractional reserve banking. If you want to circle back, here are the links:

Part 1 (Capitalism)

Part 2 (Cor…