Artikel di Jakarta Post: "The risks of household over-indebtedness"

Abstract

Debt is not an invention of the modern economy, since the earliest recorded debt is dated in the summer of 3,500 BC for funding agricultural needs. Another historical debt was recorded in 1800 BC during the First Babylonian Dynasty under King Hammurabi, who established different interest rates for loans of grain and silver. debt is not only a financial instrument for boosting the economy, but also the backbone of every household in good times and bad. The consumption-based approach that has been driving the global economy has transformed the function of debt.