Taleb notes that the Internet has made the nature of debt different — a run on the bank can take seconds.
Written in a brash, engaging style, the book is also a philosophical inquiry into the nature of debt — where it came from and how it evolved.
This strikes at the very heart of the system, not only by using its own perverse rules against it, but critically by revealing the illusory and circular nature of debt.
Are these figures as much of a folly as the local landmark, or does the data actually tell us something of the nature of debt in the current economic climate?
It would totally change the nature of debt collection if more people would.
Payback: Debt and the Shadow Side of Wealth is a non-fiction book written by Margaret Atwood, about the nature of debt, for the 2008 Massey Lectures.
Grandma Bondholder's suit would essay the unconstitutional nature of debt ceiling and ask the court to enjoin the effect of a debt ceiling driven default.
There are two interconnected problems here: one is the intrinsic nature of debt-with-interest that empowers capital to prevail over human needs.
Detectives were operating on the theory that the crime was somehow motivated by drugs and money, even if the exact nature of the debts or grievances remained somewhat unclear, according to one of the officials.
Also different is the nature of their debts.
In many cases the student-customers seem to have only a rudimentary understanding of the loan papers they've signed, or the exact nature of the debts they've accrued.
