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Criticism of debt : ウィキペディア英語版 | Criticism of debt This article is about criticism of, and arguments against debt. There are many arguments against debt as an instrument and institution, on a personal, family, social, corporate and governmental level. Usually these refer to conditions under which debt should not be used as a solution, e.g. to fund consumption for survival. Consumer debt and public debt deal with some of these issues. Calls for debt relief to the developing countries have been more and more insistent since the 1980s Latin American debt crisis, and more recently the Argentine economic crisis. Developing countries' debt has often been qualified as an odious debt and a means of neocolonialism, in particular by "third-worldism" (''tiers-mondisme'') and the more recent alter-globalization movement. == Economics == Debt is a major source of money creation in modern economies. Some economists, especially the Austrian school, believe that fractional reserve banking should not be allowed and banks should not be allowed to lend money deposited in their accounts by individuals, unless they approve. Money creation should either be banned (Austrian school) or be a government privilege.
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