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Cancellation of “public debts” by central banks: A symbolic issue

Par : Type de matériel : TexteTexteLangue : français Détails de publication : 2022. Sujet(s) : Ressources en ligne : Abrégé : This article shows how calls for the cancellation of “public debts” held by central banks are part of an ambitious symbolic agenda. It is a matter of stopping the representation of realities as “debts” when they are not in fact debts, in order to avoid performing them, i.e., making them exist as debt by conceptualizing them as such. This is the best way to prevent certain people from justifying austerity policies in the name of repaying “debts” that are not debts at all.
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This article shows how calls for the cancellation of “public debts” held by central banks are part of an ambitious symbolic agenda. It is a matter of stopping the representation of realities as “debts” when they are not in fact debts, in order to avoid performing them, i.e., making them exist as debt by conceptualizing them as such. This is the best way to prevent certain people from justifying austerity policies in the name of repaying “debts” that are not debts at all.

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