A tale: Today vs 600BC

dollar bomb

As a lover of ancient history, this story in ZeroHedge is an interesting parallel on the dangers of debt forgiveness today using the tale of releasing the commoners from debt slavery by Solon in 600BC. In short, everyone ends up paying the price.

We think the sensible solution is to let individual landlords negotiate their own deals. Let them live and die with the consequences of their actions. Undoubtedly every landlord has a unique position where a one-size-fits-all strategy won’t work.

2 comments

  1. Agreed. Have you read sidneys history of interest rates?

    Only problem with landlords idea is you can’t boot out non paying tenants.

    Regards Simon Fenwick

    ________________________________

    Liked by 1 person

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