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‘‘Only something that continues to hurt stays in the memory,’’ Nietzsche observes in ‘‘On the Genealogy of Morality.’’ My student-loan debt doesn’t hurt, though it hasn’t seemed to have gotten any smaller over the past decade, and I’ve managed to forget it so thoroughly that I recently told someone that I’d never been in debt until I bought a house. Creditors of antiquity, Nietzsche writes, tried to encourage a debtor’s memory by taking as collateral his freedom, wife, life or even, as in Egypt, his afterlife. Legal documents outlined exactly how much of the body of the debtor that the creditor could cut off for unpaid debts. Consider the odd logic, Nietzsche suggests, of a system in which a creditor is repaid not with money or goods but with the pleasure of seeing the debtor’s body punished. ‘‘The pleasure,’’ he writes, ‘‘of having the right to exercise power over the powerless.’’
