-Redacted by Rejean J. Boudreau,

with the collaboration of Jonathan Bisson

      In Philip Coggan's report on debt, ‘Repent at Leisure'¹, the author discusses the development of debt in the previous decades and the repercussions from the economic crisis. From the eighties onward, stable economic growth encouraged debt as a panacea to most problems for States and companies. This attitude permeated to consumers who now utilize debt as a shortcut to self-indulgence and quick riches.