Lessons from history

Niall Ferguson considers the problems of the age of obligation with discussion of rather older ways of dealing with debt problems. This sort of past and present affair seems to be in vogue at the moment, as the high profile efforts of History & Policy with its snappy tagline promise of 'Connecting historians, policymakers and the media' attests. If you haven't seen it already, it's worth having a nose around in a spare half-hour over the festive period.
Malcolm