![Debt Catharsis](https://images.mauldineconomics.com/uploads/newsletters/FEATURE_20231027_TFTF.jpg)
- October 27, 2023
Debt Catharsis
The ancient Greeks had a word κάθαρσις, which in English we now spell as “catharsis,” although it’s pronounced basically the same. It originally referred to purifying religious ceremonies, medical treatments, and so on.
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