Immorality of debt

I am linking you to another article which explores my "immorality of debt" hypothesis, the article I probably never will write. Sigh. A quick quote:
"Friedrich Nietzsche famously argued that all morality was founded upon the extraction of debt under the threat of violence. The sense of obligation instilled in the debtor was, for Nietzsche, the origin of civilisation itself."

So the big N has returned to the equation. Hard to get away from his pernacious influence.

The article is here, and the answer to the question in the title is (more or less) TRUE (though more less than more), and also the asking of the question is why I want to write the immorality of debt article.

Ah, the link:
http://www.ritholtz.com/blog/2011/08/are-most-americans-debt-slaves/

http://www.nakedcapitalism.com/2011/08/what-is-debt-%E2%80%93-an-interview-with-economic-anthropologist-david-graeber.html