Medieval life 'could teach us about debt-free living' '

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Life in Medieval Britain may not have been comfortable but its inhabitants had a dedication to debt-free living that we could learn from today, a think-tank has claimed.

Health care and a terrifyingly low life expectancy were some of the downsides to 12th century life, but medieval Britons could at least claim to have a "healthy scepticism about money."

The harshness of life in the 1100s was mitigated by endless holidays and parties and a healthy attitude towards work and debt, an audience at the Guardian Hay festival was told....

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Michael Schack - 6/9/2010

Britain during the eleventh century the Roman estate culture was replaced by the King or Duke large Hall. This introduced a culture of “meat eating, moving from the literary gathering (party) to the louder getting drunk more military culture. I am not sure about how they paid for this lifestyle. There was an indebtedness between levels of society dukes were indebted to their king or higher level duke. They took on the responsibility of clothing feeding and arming so man knights for the King. To do this they needed land and tenants to collect rents. Rents were paid in a number of ways. Peasants offering a certain number of days per year to the lord, payment in gods – food or for the artisan class goods services or money.