Debt relief is then in the interest of creditors and debtors alike.

ECONOMIST: Economics focus

Younger workers are typically debtors, who benefit from inflation reducing real interest rates.

ECONOMIST: The next crisis

Asia notwithstanding, America needs to raise its interest rates but to do so would hurt Asian debtors and, by drawing more capital out of Asian markets, worsen the region's difficulties.

ECONOMIST: As Japan goes?

Many debtors don't feel even a tinge of regret, because all the interest they're paying gets dumped back into their 401(k) accounts.

FORBES: Ball And Chain Borrowing