From my "humanitarian" educational past, I recall a surprising fact that surprised me very much at that time. By the end of his life, the world-famous poet Alexander Pushkin owed his creditors, friends and the state 136 thousand rubles, which in conditional translation to today's money, as historians have calculated, is about 1 million 169 thousand dollars (almost half a billion Kzt). What did a brilliant author and a middle-aged landlord, who earned 2.2 million dollars during 17 years only on the creative fees, have to do to go into such a deep deficit?
A Google search for "Pushkin's debts" provides a number of expert materials. As it turns out, the financial state of Alexander Sergeyevich is the object of separate economic research and cases, how exactly the person should not conduct his business. The reasons for the debt collapse are as old as the world and are still relevant: large wedding expenses (he had to mortgage the estate), a passion for gambling (Pushkin was known as an inveterate gambler), periodic loans from moneylenders (reminiscent of modern "quick loans" with fabulous interest), loans from the state, and contributions to an unprofitable project without prior market analysis - the magazine "Contemporary" (only 600 people subscribed, while royalties to Tyutchev, Zhukovsky and Gogol proved ruinous).
To the surprise of the whole country, Emperor Nicholas I repaid all the debts of the family in the last days of Pushkin's life, and the poet's heirs were saved. However, both in the past and now the number of similar stories of "happy forgiveness" in the world is very rare. The story with writing-off of credit debts to socially vulnerable layers of the population of Kazakhstan is an absolute exception, which cannot be repeated regularly. In market conditions, neither bank nor lender or private borrower will forgive you a serious money debt for nothing.