the.com/debt
Money you spent yesterday paying for the version of you that's tired today.
means Money, goods, or a favor you owe to someone else, having received something before paying it back.
from From Old French 'dette,' from Latin 'debitum' — 'something owed,' from 'debere,' to owe. That silent 'b' is a snobbish little fossil: English originally spelled it 'dette,' but Renaissance scholars, eager to flaunt the Latin root, smuggled the 'b' back in to echo 'debitum.' We've been tripping over it ever since — paying interest on a letter we don't even pronounce.
- ancient roots
- Debt predates coins by thousands of years
- jubilee
- Ancient Mesopotamia periodically erased all debts
- national scale
- Global debt exceeds 300 trillion dollars
- word origin
- From Latin debere, meaning to owe
- prison past
- Debtors' prisons jailed the broke for being broke
us national debt — $33.2 trillion as of 2023, largest debt of any nation
greek debt crisis — 2010 bailout of €110 billion, nearly defaulted on sovereign debt
argentina debt default — $100 billion default in 2001, largest sovereign default in history