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When Debts Become Unpayable, They Should Be Forgiven

For centuries, debt and indebtedness have had profoundly destabilizing effects on human societies. In the ancient world, rulers and their subjects had a solution: known as a debt jubilee, it involved a periodic, unconditional wiping out of debt. We need such a jubilee today.

Eric Adams Just Racked Up a Surprising Political Loss

New York City’s incoming mayor, Eric Adams, was dealt an early defeat last week when his hand-picked candidate for council speaker was rejected in favor of Adrienne Adams. It's a sign that Mayor Adams will not have a rubber-stamp council at his disposal.