3 ms·

Worked* in the bible, every 50 years no work for a year and all debt goes bye bye. Time to bring back the Jubilee?

• hiram112 6y ago
  Who owned that debt in the bible? It's not all sheiks and kings these days, but instead pension funds and insurance companies. I'm not sure you can just forget the debt without screwing a lot of people in the process. My guess is the Fed will just print the money as that's a lot more politically feasible than the alternative. The only question is if we have to print more than other countries.
  • chrisco255 6y ago
    Yes but printing, too, has tons of risk and could lead to hyperinflation if overdone.
  • abacadaba 6y ago
    Whoever you borrowed from I guess. But also part of it was that if you sold your land during that time you also got it back when all the debt was forgiven. So if needed you could sell it for another 50 year lease at that time. *am not a biblical scholar, feel free to correct