The 21st Century Debtors' Prison
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December 22, 2012 - 11:55pm
Government, the New Debtors’ Prison
by Douglas French, Laissez Faire Today
An old banking buddy of mine has been out of work for a full year. I met up with him yesterday, and he told me the good news that he has finally found work. It’s not enjoyable. But it pays better than sitting at home.
His time of unemployment had been doubly tough because his son was also out of work at the same time. The proud father seemed happier that his son had also found a job.
“And since he works for a nonprofit, they will pay his student loan,” he said.
“What?” I said, not sure that I was hearing right.
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